Sebatjane, Makoena; Adetunji, Olufemi - In: Operations Research Perspectives 6 (2019), pp. 1-10
which do not reflect most real life inventory systems. This paper proposes an inventory system where the items ordered are … capable of growing during the course of the inventory replenishment cycle, for example livestock. Furthermore, it is assumed … determine the optimal inventory policy, a model, which aims to maximize the expected total profit, is developed and numerical …