{"id":"https://openalex.org/W4407668669","doi":"https://doi.org/10.1080/00207543.2025.2461133","title":"Optimal markdown policies for perishable products with fixed shelf life","display_name":"Optimal markdown policies for perishable products with fixed shelf life","publication_year":2025,"publication_date":"2025-02-16","ids":{"openalex":"https://openalex.org/W4407668669","doi":"https://doi.org/10.1080/00207543.2025.2461133"},"language":"en","primary_location":{"id":"doi:10.1080/00207543.2025.2461133","is_oa":false,"landing_page_url":"https://doi.org/10.1080/00207543.2025.2461133","pdf_url":null,"source":{"id":"https://openalex.org/S65690446","display_name":"International Journal of Production Research","issn_l":"0020-7543","issn":["0020-7543","1366-588X"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310320547","host_organization_name":"Taylor & Francis","host_organization_lineage":["https://openalex.org/P4310320547"],"host_organization_lineage_names":["Taylor & Francis"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"International Journal of Production Research","raw_type":"journal-article"},"type":"article","indexed_in":["crossref","datacite"],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"https://figshare.com/articles/journal_contribution/Optimal_markdown_policies_for_perishable_products_with_fixed_shelf_life/28427722","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5023548509","display_name":"Mohammad Sadegh Moshtagh","orcid":"https://orcid.org/0000-0003-3008-3284"},"institutions":[{"id":"https://openalex.org/I98251732","display_name":"McMaster University","ror":"https://ror.org/02fa3aq29","country_code":"CA","type":"education","lineage":["https://openalex.org/I98251732"]}],"countries":["CA"],"is_corresponding":true,"raw_author_name":"Mohammad S. Moshtagh","raw_affiliation_strings":["McMaster University","DeGroote School of Business, McMaster University, Hamilton, Ontario, Canada"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"McMaster University","institution_ids":["https://openalex.org/I98251732"]},{"raw_affiliation_string":"DeGroote School of Business, McMaster University, Hamilton, Ontario, Canada","institution_ids":["https://openalex.org/I98251732"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5054692671","display_name":"Yun Zhou","orcid":null},"institutions":[{"id":"https://openalex.org/I98251732","display_name":"McMaster University","ror":"https://ror.org/02fa3aq29","country_code":"CA","type":"education","lineage":["https://openalex.org/I98251732"]}],"countries":["CA"],"is_corresponding":false,"raw_author_name":"Yun Zhou","raw_affiliation_strings":["McMaster University","DeGroote School of Business, McMaster University, Hamilton, Ontario, Canada"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"McMaster University","institution_ids":["https://openalex.org/I98251732"]},{"raw_affiliation_string":"DeGroote School of Business, McMaster University, Hamilton, Ontario, Canada","institution_ids":["https://openalex.org/I98251732"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5024439642","display_name":"Manish Verma","orcid":"https://orcid.org/0000-0002-8878-0069"},"institutions":[{"id":"https://openalex.org/I98251732","display_name":"McMaster University","ror":"https://ror.org/02fa3aq29","country_code":"CA","type":"education","lineage":["https://openalex.org/I98251732"]}],"countries":["CA"],"is_corresponding":false,"raw_author_name":"Manish Verma","raw_affiliation_strings":["McMaster University","DeGroote School of Business, McMaster University, Hamilton, Ontario, Canada"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"McMaster University","institution_ids":["https://openalex.org/I98251732"]},{"raw_affiliation_string":"DeGroote School of Business, McMaster University, Hamilton, Ontario, Canada","institution_ids":["https://openalex.org/I98251732"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5023548509"],"corresponding_institution_ids":["https://openalex.org/I98251732"],"apc_list":null,"apc_paid":null,"fwci":11.2465,"has_fulltext":false,"cited_by_count":8,"citation_normalized_percentile":{"value":0.98098352,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":98,"max":99},"biblio":{"volume":"63","issue":"15","first_page":"5692","last_page":"5722"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10328","display_name":"Supply Chain and Inventory Management","score":0.9983999729156494,"subfield":{"id":"https://openalex.org/subfields/1404","display_name":"Management Information Systems"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10328","display_name":"Supply Chain and Inventory Management","score":0.9983999729156494,"subfield":{"id":"https://openalex.org/subfields/1404","display_name":"Management Information Systems"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11161","display_name":"Consumer Market Behavior and Pricing","score":0.9829999804496765,"subfield":{"id":"https://openalex.org/subfields/1406","display_name":"Marketing"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10539","display_name":"Sustainable Supply Chain Management","score":0.9778000116348267,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/shelf-life","display_name":"Shelf life","score":0.7149332761764526},{"id":"https://openalex.org/keywords/operations-research","display_name":"Operations research","score":0.40145015716552734},{"id":"https://openalex.org/keywords/business","display_name":"Business","score":0.3962634801864624},{"id":"https://openalex.org/keywords/mathematical-optimization","display_name":"Mathematical optimization","score":0.3411135673522949},{"id":"https://openalex.org/keywords/computer-science","display_name":"Computer science","score":0.32859718799591064},{"id":"https://openalex.org/keywords/mathematics","display_name":"Mathematics","score":0.2512470483779907},{"id":"https://openalex.org/keywords/engineering","display_name":"Engineering","score":0.24310368299484253}],"concepts":[{"id":"https://openalex.org/C115930662","wikidata":"https://www.wikidata.org/wiki/Q1689021","display_name":"Shelf life","level":2,"score":0.7149332761764526},{"id":"https://openalex.org/C42475967","wikidata":"https://www.wikidata.org/wiki/Q194292","display_name":"Operations research","level":1,"score":0.40145015716552734},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.3962634801864624},{"id":"https://openalex.org/C126255220","wikidata":"https://www.wikidata.org/wiki/Q141495","display_name":"Mathematical optimization","level":1,"score":0.3411135673522949},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.32859718799591064},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.2512470483779907},{"id":"https://openalex.org/C127413603","wikidata":"https://www.wikidata.org/wiki/Q11023","display_name":"Engineering","level":0,"score":0.24310368299484253},{"id":"https://openalex.org/C78519656","wikidata":"https://www.wikidata.org/wiki/Q101333","display_name":"Mechanical engineering","level":1,"score":0.0}],"mesh":[],"locations_count":3,"locations":[{"id":"doi:10.1080/00207543.2025.2461133","is_oa":false,"landing_page_url":"https://doi.org/10.1080/00207543.2025.2461133","pdf_url":null,"source":{"id":"https://openalex.org/S65690446","display_name":"International Journal of Production Research","issn_l":"0020-7543","issn":["0020-7543","1366-588X"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310320547","host_organization_name":"Taylor & Francis","host_organization_lineage":["https://openalex.org/P4310320547"],"host_organization_lineage_names":["Taylor & Francis"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"International Journal of Production Research","raw_type":"journal-article"},{"id":"pmh:oai:figshare.com:article/28427722","is_oa":true,"landing_page_url":"https://figshare.com/articles/journal_contribution/Optimal_markdown_policies_for_perishable_products_with_fixed_shelf_life/28427722","pdf_url":null,"source":{"id":"https://openalex.org/S4377196282","display_name":"Figshare","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"host_organization":"https://openalex.org/I4210132348","host_organization_name":"Figshare (United Kingdom)","host_organization_lineage":["https://openalex.org/I4210132348"],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"Text"},{"id":"doi:10.6084/m9.figshare.28427722.v1","is_oa":true,"landing_page_url":"https://doi.org/10.6084/m9.figshare.28427722.v1","pdf_url":null,"source":{"id":"https://openalex.org/S4377196282","display_name":"Figshare","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"host_organization":"https://openalex.org/I4210132348","host_organization_name":"Figshare (United Kingdom)","host_organization_lineage":["https://openalex.org/I4210132348"],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":null,"is_accepted":false,"is_published":null,"raw_source_name":null,"raw_type":"article-journal"}],"best_oa_location":{"id":"pmh:oai:figshare.com:article/28427722","is_oa":true,"landing_page_url":"https://figshare.com/articles/journal_contribution/Optimal_markdown_policies_for_perishable_products_with_fixed_shelf_life/28427722","pdf_url":null,"source":{"id":"https://openalex.org/S4377196282","display_name":"Figshare","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"host_organization":"https://openalex.org/I4210132348","host_organization_name":"Figshare (United Kingdom)","host_organization_lineage":["https://openalex.org/I4210132348"],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"Text"},"sustainable_development_goals":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":74,"referenced_works":["https://openalex.org/W202879677","https://openalex.org/W607376573","https://openalex.org/W1521183774","https://openalex.org/W1969781118","https://openalex.org/W1972680059","https://openalex.org/W1984636065","https://openalex.org/W1984988622","https://openalex.org/W1985161209","https://openalex.org/W1988204809","https://openalex.org/W2001745708","https://openalex.org/W2024581155","https://openalex.org/W2035518103","https://openalex.org/W2037534088","https://openalex.org/W2040086321","https://openalex.org/W2041421965","https://openalex.org/W2052537783","https://openalex.org/W2058453219","https://openalex.org/W2065172192","https://openalex.org/W2066023777","https://openalex.org/W2071193755","https://openalex.org/W2073262412","https://openalex.org/W2079357113","https://openalex.org/W2096839201","https://openalex.org/W2098998642","https://openalex.org/W2102982186","https://openalex.org/W2123265794","https://openalex.org/W2135178148","https://openalex.org/W2140273016","https://openalex.org/W2145667236","https://openalex.org/W2146342848","https://openalex.org/W2166711676","https://openalex.org/W2171228965","https://openalex.org/W2185340804","https://openalex.org/W2220411867","https://openalex.org/W2312392195","https://openalex.org/W2332074304","https://openalex.org/W2474553489","https://openalex.org/W2519447307","https://openalex.org/W2560748445","https://openalex.org/W2582658777","https://openalex.org/W2598087056","https://openalex.org/W2604469695","https://openalex.org/W2739036905","https://openalex.org/W2745601066","https://openalex.org/W2773930412","https://openalex.org/W2790090703","https://openalex.org/W2885794641","https://openalex.org/W2890592100","https://openalex.org/W2891180826","https://openalex.org/W2899866862","https://openalex.org/W2904000776","https://openalex.org/W2946216810","https://openalex.org/W3035928635","https://openalex.org/W3043496996","https://openalex.org/W3091927444","https://openalex.org/W3121343188","https://openalex.org/W3167290578","https://openalex.org/W3206970267","https://openalex.org/W3208184059","https://openalex.org/W4210933634","https://openalex.org/W4213430599","https://openalex.org/W4225923069","https://openalex.org/W4247609441","https://openalex.org/W4285172104","https://openalex.org/W4286358555","https://openalex.org/W4289463901","https://openalex.org/W4302378732","https://openalex.org/W4379881245","https://openalex.org/W4382518203","https://openalex.org/W4391453551","https://openalex.org/W4395087663","https://openalex.org/W4403600848","https://openalex.org/W4406450360","https://openalex.org/W6754481535"],"related_works":["https://openalex.org/W4391375266","https://openalex.org/W2899084033","https://openalex.org/W2748952813","https://openalex.org/W2912418501","https://openalex.org/W2363938825","https://openalex.org/W2742098796","https://openalex.org/W3193499613","https://openalex.org/W2352694281","https://openalex.org/W849322861","https://openalex.org/W2382204734"],"abstract_inverted_index":{"The":[0],"market":[1,143],"for":[2,75],"perishable":[3,76],"products":[4,77],"is":[5,39,45,119],"subject":[6],"to":[7,26,90],"short":[8],"selling":[9],"seasons":[10],"and":[11,23,29,54,72,82,92,104,121,163,170,190],"volatile":[12],"demand.":[13],"Retailers":[14],"use":[15],"strategies":[16],"such":[17],"as":[18,43,141],"issuing":[19,124],"policies,":[20,100],"quality":[21,69,118],"disclosure,":[22,70],"markdown":[24,34,73,99,106,137,155,172],"pricing":[25,74],"maximise":[27],"revenue":[28,56],"reduce":[30],"waste.":[31],"Among":[32],"the":[33,36,49,52,55,87,95,112,122,134,142,152,177,185],"options,":[35],"best":[37,123],"policy":[38,53,125],"not":[40],"always":[41],"clear-cut,":[42],"there":[44],"a":[46,63],"trade-off":[47],"between":[48],"complexity":[50],"of":[51,97,136,154],"generated.":[57],"To":[58],"address":[59],"this,":[60],"we":[61],"introduce":[62],"joint":[64],"model":[65],"that":[66,115,133],"optimises":[67],"issuing,":[68],"production,":[71],"with":[78],"fixed":[79],"shelf":[80],"lives":[81],"freshness-sensitive":[83],"customers.":[84],"We":[85,131],"make":[86],"first":[88],"attempt":[89],"theoretically":[91],"numerically":[93],"evaluate":[94],"effectiveness":[96],"different":[98],"including":[101],"single-stage,":[102],"multiple-stage,":[103],"dynamic":[105,171],"policies.":[107],"Empirical":[108],"case":[109],"studies":[110],"validate":[111],"models,":[113],"showing":[114],"hiding":[116],"product":[117],"optimal":[120],"depends":[126],"on":[127],"customer":[128],"freshness":[129],"sensitivity.":[130],"prove":[132],"value":[135],"policies":[138,156,173,187],"asymptotically":[139],"vanishes":[140],"demand":[144],"or":[145],"customers'":[146],"maximum":[147],"willingness-to-pay":[148],"(WTP)":[149],"increases.":[150],"Conversely,":[151],"benefits":[153,183],"increase":[157],"when":[158],"per":[159],"unit":[160],"expiration,":[161],"shortage,":[162],"production":[164],"costs":[165],"rise.":[166],"Additionally,":[167],"while":[168],"multiple-stage":[169],"can":[174],"significantly":[175],"benefit":[176],"system,":[178],"in":[179],"most":[180],"cases,":[181],"their":[182],"over":[184],"single-stage":[186],"are":[188],"insignificant":[189],"vanish":[191],"asymptotically.":[192]},"counts_by_year":[{"year":2026,"cited_by_count":3},{"year":2025,"cited_by_count":5}],"updated_date":"2026-06-15T08:34:33.830935","created_date":"2025-10-10T00:00:00"}
