Eksler, Leonid; Aviram, Roei; Elalouf, Amir; Kamble, Aakash - In: Economics: The Open-Access, Open-Assessment E-Journal 13 (2019) 2019-30, pp. 1-16
In this paper, the authors present an EOQ model with substitutions between products and a dynamic inventory replenishment policy. Their key assumption is that many products in the market are substitutable at different levels, and that, in most cases, a customer who discovers that a desired...