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.
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References
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Nahmias, S. (2011). Preliminaries. In: Perishable Inventory Systems. International Series in Operations Research & Management Science, vol 160. Springer, Boston, MA. https://doi.org/10.1007/978-1-4419-7999-5_1
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DOI: https://doi.org/10.1007/978-1-4419-7999-5_1
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