1. Proceedings
  2. I3M
  3. 2021
  4. FOODOPS
  5. 10.46354/i3m.2021.foodops.002

An economic order interval-based simulation model for perishable products

  • a Roberto Montanari,
  • b Eleonora Bottani , 
  • c Andrea Volpi, 
  • d Federico Solari,
  • e Giorgia Scozzesi
  • a,b,c,d,e,f  Department of Engineering and Architecture – University of Parma, Parco Area delle Scienze 181/A, 43124, Parma (Italy)
Cite as
Montanari R., Bottani E., Volpi A., Solari F., Scozzesi G. (2021). An economic order interval-based simulation model for perishable products. Proceedings of the 7th International Food Operations and Processing Simulation Workshop (FoodOPS 2021), pp. 8-14. DOI: https://doi.org/10.46354/i3m.2021.foodops.002
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Abstract

The aim of this paper is to develop a model for reproducing an Economic Order Interval (EOI)-based inventory control model for perishable products. After a description of the model, a simulation approach is developed and used for determining the optimal parameters of the inventory policy, as well as the relationships between them and the numerical values that can minimize the total inventory management cost, thus making the system as efficient as possible. A numerical example, with realistic data, is proposed for showing the application of the model and its effectiveness for the identification of the optimal inventory policy parameters. 

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