An economic order quantity model for perishable items under stock-dependent selling rate and time-dependent partial backlogging

An economic order quantity model for perishable items under stock-dependent selling rate and time-dependent partial backlogging

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Article ID: iaor200640
Country: Netherlands
Volume: 163
Issue: 3
Start Page Number: 776
End Page Number: 783
Publication Date: Jun 2005
Journal: European Journal of Operational Research
Authors: ,
Keywords: economic order, deteriorating items
Abstract:

In the present paper, we extend Padmanabhan and Vrat's model by proposing a time-proportional backlogging rate to make the theory more applicable in practice. The existence and uniqueness of the solutions of the relevant systems are examined. Subsequently, a numerical example is presented to illustrate the application of developed model.

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