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An optimal replenishment policy for deteriorating items with time-varying demand and partial backlogging. (English) Zbl 1013.90006

Summary: Recently, Papachristos and Skouri developed an inventory model in which unsatisfied demand is partially backlogged at a negative exponential rate with the waiting time. We complement the shortcoming of their model by adding not only the cost of lost sales but also the non-constant purchase cost.

MSC:

90B05 Inventory, storage, reservoirs
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