The Value of Sensor Information for the Management of Perishable Goods
A Simulation Study
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Author / Producer
Date
2008
Publication Type
Working Paper
ETH Bibliography
yes
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Abstract
The lifetime of perishable goods is influenced by environmental conditions such as temperature, relative humidity, and shock. Sensors can monitor these parameters and enhance logistic decision-making based on the actual quality level of goods. In our simulation study we show that a sensor based approach is superior to established practices even when considering the abilities of individuals to judge the goods’ quality by visual and tactile inspections. With sensor information, retailers can achieve higher profits, increased resource efficiency, higher quality, and a reduced amount of perished goods on the sales floor.
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published
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Pages / Article No.
Publisher
Information Management Group, ETH
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Software
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Date collected
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Subject
perishable goods; retailing; perceptible quality; sensor technology; resource efficiency; value of information; supply chain management
Organisational unit
03695 - Hoffmann, Volker / Hoffmann, Volker
03681 - Fleisch, Elgar / Fleisch, Elgar