Deterministic models of perishable inventory with stock-dependent demand rate and nonlinear holding cost.

*(English)*Zbl 0955.90003Summary: This paper deals with an extended EOQ-type inventory model for a perishable product where the demand rate is a function of the on-hand inventory. The traditional parameters of unit item cost and ordering cost are kept constant; but the holding cost is treated as (i) a nonlinear function of the length of time for which the item is held in stock, and (ii) a functional form of the amount of the on-hand inventory. The approximate optimal solutions in both cases are derived. Computational results are presented indicating the effects of nonlinearity in holding costs.

##### MSC:

90B05 | Inventory, storage, reservoirs |

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\textit{B. C. Giri} and \textit{K. S. Chaudhuri}, Eur. J. Oper. Res. 105, No. 3, 467--474 (1998; Zbl 0955.90003)

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