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2001•Journal of Wuhan Yejin University of Science and TechnologyRequires access

EOQ Models for Perishable Items with Holding Cost Functions

Mao Xiao

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Abstract

This paper presents inventory models for perishable items with stock dependent demand rate. Two possibilities of variation of the holding cost per unit are considered: (A) a function of length of time during which the item is held in inventory and (B) a function of the amount of on hand inventory. The existence and uniqueness of the models are discussed,and optimal inventory policies are found.

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This paper presents inventory models for perishable items with stock dependent demand rate. Two possibilities of variation of the holding cost per unit are considered: (A) a function of length of time during which the item is held in inventory and (B) a function of the amount of on hand inventory. The existence and uniqueness of the models are discussed,and optimal inventory policies are found.

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Available abstract

This paper presents inventory models for perishable items with stock dependent demand rate. Two possibilities of variation of the holding cost per unit are considered: (A) a function of length of time during which the item is held in inventory and (B) a function of the amount of on hand inventory. The existence and uniqueness of the models are discussed,and optimal inventory policies are found.

Key concepts: Economic order quantity, Uniqueness, Holding cost, Stock (firearms), Function (biology), Inventory turnover, Operations research, Inventory cost

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