Preliminaries

Chapter
Part of the International Series in Operations Research & Management Science book series (ISOR, volume 160)

Abstract

When demand is known with certainty, the problem of managing perishables is straightforward for the most part. Consider first the basic EOQ model. Suppose the demand rate is λ, the fixed cost of placing new orders is K, and the holding cost per unit time is h.

References

  1. Arrow KA, Karlin S, Scarf HE (eds) (1958) Studies in the mathematical theory of inventory and production. Stanford University Press, Stanford, CAGoogle Scholar
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  3. Nahmias, S. (1972) Optimal and approximate ordering policies for a perishable product subject to stochastic demand. Unpublished doctoral dissertation. Northwestern University, Evanston, Ill. 158 pages.Google Scholar
  4. Wagner HM, Whitin TM (1958) Dynamic version of the economic lot size model. Management Science 5:89–96CrossRefGoogle Scholar

Copyright information

© Springer Science+Business Media, LLC 2011

Authors and Affiliations

  1. 1.OMIS DepartmentSanta Clara UniversitySanta ClaraUSA

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