AVINADAV, TAL; ARPONEN, TEIJO - In: Asia-Pacific Journal of Operational Research (APJOR) 26 (2009) 06, pp. 759-767
This work presents an extension of the classical EOQ model for items with a fixed shelf life and a declining demand rate due to a reduction in the quality of the item in the course of its shelf-life. The demand rate, reflecting consumer preference for fresh items, is a polynomial function of the...