The Value of Sensor Information for the Management of Perishable Goods
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Date
2008Type
- 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. Show more
Publication status
publishedPublisher
Information Management Group, ETHSubject
perishable goods; retailing; perceptible quality; sensor technology; resource efficiency; value of information; supply chain managementOrganisational unit
03695 - Hoffmann, Volker / Hoffmann, Volker
03681 - Fleisch, Elgar / Fleisch, Elgar
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ETH Bibliography
yes
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