Perishability

Knowledge Center

Summary, forum, best practices, expert tips and information sources.

8 items • 48.275 visits

Welcome to the Perishability center of 12manage.

Here we exchange knowledge and experiences in the field of Perishability.

❗Sign up now to gain access to 12manage. It's completely free.

Summary

What is Perishability?

Perishability means something is subject to decay, spoilage, deterioration or destruction. In other words something cannot be regained when it is not used in time or when it is unsold. It is a lost economic opportunity. In management, the phenomenon can be used to describe the difference between goods, services and information.

Goods can be more or less perishable, they can have varying levels of perishability. Tomatoes are highly perishable, because their value deteriorates quickly. A diamond on the other hand is not perishable at all.
Services only have value when they are produced and consumed, so they are always perishable.
Information is on one hand non-perishable, because it does not deteriorate over time (permanence), although the medium in which it is stored may do so. But the value of information can vary with time, depending on the sort of information. Therefore information can be said to have a variety of levels of perishability, like goods, but unlike services.

Three more distinguishing characteristics of goods, services and information are (Freiden et al., '98):

Heterogeneity . The extent to which variations of something are possible or that all occurrences are identical to each other.
Inseparability. The physical and institutional distance between the originator of something and the final consumer.
Tangibility. The extent to which something can be seen, felt, heard or smelt using our senses.

Perishability forms the basis of Yield Management.

Special Interest Group

Perishability Special Interest Group.

Special Interest Group (7 members)

Forum

Forum about Perishability.

🔥	Quotes on Perishability. Quotations Hi, do you know of a remarkable, humorous quote by a famous person or a proverb related to perishability of goods, services or information?Please enter a reaction to share it for other people to enjo... 2