| 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.