tailieunhanh - An optimization of an inventory model of decaying-lot depleted by declining market demand and extended with discretely variable holding costs

The demand of fresh item is declining with time exponentially (because no item can always sustain top place in the list of consumers’ choice practically . FMCG). Shortages are allowed and backlogged, partially. Conditions for global optimality and uniqueness of the solutions are derived, separately. The results of some numerical instances are analyzed under various conditions. | An optimization of an inventory model of decaying-lot depleted by declining market demand and extended with discretely variable holding costs

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