An assessment of FIFO and LIFO policies for perishable inventory systems using the system dynamics ppproach

• Main Authors: Ching, Phoebe Lim, Wu, Judy Ann
• Format: text
• Published: Animo Repository 2019
• Subjects: First in, first out (Accounting); Last in, first out (Accounting); Perishable goods—Inventories; Industrial Engineering
• Online Access: https://animorepository.dlsu.edu.ph/faculty_research/59; https://animorepository.dlsu.edu.ph/context/faculty_research/article/1058/type/native/viewcontent
• Institution: De La Salle University

This study applied the System Dynamics methodology in evaluating the equilibrium state performance of First-In-First-Out (FIFO) and Last-In-First-Out (LIFO) for perishables. It recognizes that while a certain policy may have optimal results for a few successive periods, it may produce undesirable pa...