Robust inventory theory with perishable products

@article{Santos2019RobustIT,
  title={Robust inventory theory with perishable products},
  author={Marcio Costa Santos and Agostinho Agra and Michael Poss},
  journal={Annals of Operations Research},
  year={2019},
  pages={1-22}
}
We consider a robust inventory problem where products are perishable with a given shelf life and demands are assumed uncertain and can take any value in a given polytope. Interestingly, considering uncertain demands leads to part of the production being spoiled, a phenomenon that does not appear in the deterministic context. Based on a deterministic model we propose a robust model where the production decisions are first-stage variables and the inventory levels and the spoiled production are… CONTINUE READING

Similar Papers