Nandakumar, Purushottaman; Morton, Thomas E. - In: Management Science 39 (1993) 12, pp. 1490-1498
This paper details the application of a class of heuristics to the Fixed-life Perishability Problem formulated by Nahmias (1975a) and Fries (1975). Various assumptions for this model include i.i.d. demand, linear ordering, holding and penalty costs. Goods have a known fixed lifetime and perished...