Models of Stochastic Optimization for Deteriorating Cargo Inventory Control at Port's Terminal

Perishable cargo service deals with the possibility of its deterioration during execution of particular links of transport and logistics chains, including cargo transshipment at ports. Therefore, it is reasonable to search for the ways to improve these goods inventory system aiming at deterioration rate decreasing during cargo storage. The paper presents the model of optimal inventory control for perishable product which has been transshipping through the port's terminal. Proposed approach takes into account the dependence of deterioration rate of cargo during its storage at terminal's warehouse on the additional investments intended for this rate decreasing. The corresponding stochastic optimization problem has been formulated and analyzed. The paper is illustrated by numerical example based on the real data, which validates the optimization problem.