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Note: An Application of the EOQ Model with Nonlinear Holding Cost to Inventory Management of Perishables
(2005-07-19)
We consider a variation of the economic order quantity (EOQ) model where cumulative holding cost is a nonlinear function of time. This problem has been studied by Weiss (1982), and we here show how it is an approximation ...
Supply Chain Coordination for False Failure Returns
(2005-04-11)
False failure returns are products that are returned by consumers to retailers with no functional or cosmetic defect. The cost of a false failure return includes the processing actions of testing, refurbishing if necessary, ...