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Note: An Application of the EOQ Model with Nonlinear Holding Cost to Inventory Management of Perishables
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
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, ...