Article ID: | iaor2002544 |
Country: | China |
Volume: | 17 |
Issue: | 4 |
Start Page Number: | 61 |
End Page Number: | 66 |
Publication Date: | Dec 2000 |
Journal: | Mathematics in Economics |
Authors: | Luo Yiping, Li Chenggao, Xia Wenhua |
Keywords: | deteriorating items |
In this paper, we discuss the inventory model of goods which are apt to deteriorate after a certain period of time. That is, the shortage of goods is allowed and the goods must be delivered as soon as ordered. We also give the optimum inventory strategy.