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We consider a finite‐horizon, periodic‐review system for a perishable product at a retailer that faces stochastic, age‐dependent demand and loses excess demand, if any. For this system, we build three models that capture two sources of unfilled demand, insufficient inventory and inappropriate age, and penalize them at different rates. The models are characterized by increasing replenishment flexibility,...
Increasing supply chain players seek to run business in a responsible way. This work stands from a supplier's point of view by considering a two-stage supply chain structure in which a responsible supplier produces a responsible component (or raw material, ingredient) through an entrepreneurial process and exploits the business opportunity (e.g., market expansion) to sell it to downstream buyers....
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