Pando, Valentín; San-José, Luis A.; García-Laguna, Juan - In: International Journal of Production Economics 145 (2013) 1, pp. 294-303
This paper develops an economic lot size inventory model where the demand rate depends on the stock level and the cumulative holding cost is non-linear on both the quantity and the time they are stored. More concretely, it is supposed that the demand rate is a concave potential function of the...