An EOQ Model for Perishable Items with Freshness-dependent Demand and Partial Backlogging
نویسنده
چکیده
In this paper, we present an inventory model for perishable items with freshness-dependent demand rate and partial backlogging. Because the customers prefer to purchasing fresh items for given price, the demand rate is assumed to be decreasing in the age of the items. The existence and uniqueness of the optimal solution of the profit per unit time are examined although the profit function is not jointly concave. The results are illustrated through numerical example and sensitivity analysis is reported.
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