Assessment of the quality and sustainability implications of FIFO and LIFO inventory policies through system dynamics

• Main Authors: Ching, Phoebe Lim, Mutuc, Jose Edgar S., Jose, John Anthony C.
• 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/60
• Institution: De La Salle University

Perishable inventory management contributes simultaneously to society and the economy, by reducing food wastage and capitalizing on the freshness of goods. For this reason, countless mathematical models have been developed for their effectiveness and cost-efficient management. Yet, the majority of t...