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Effects of inflation on inventory systems for decaying items with dependent demand. (English) Zbl 1279.90010
Summary: The main purpose is to investigate the effect of inflation deterministic models for perishable inventory with stock-dependent demand and nonlinear holding cost. Here, the demand rate is a function of the on-hand inventory. We develop an EOQ model under inflation. The traditional parameters of unit item cost and ordering cost are kept constant, but the holding cost is treated as a nonlinear function. The approximate optimal solutions are derived in both cases. The model are illustrated with some numerical examples.
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90B05 Inventory, storage, reservoirs
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