Liuxin Chen
Business School, Hohai University, Jiangning District, Nanjing City, Jiangsu Province, People`s Republic of China
Gen Li
No.8 Fochen West Road, Jiangning District, Nanjing City, Jiangsu Province, People`s Republic of China
ABSTRACT
In this study, we investigate a multi-period deteriorating inventory model in which the demand is determined by inventory level and decreases with period. Considering the falling demand phenomenon for the perishable items which are out of fashion, we prove that the net profit has a maximum value about the length of waiting for inventory replenishment.
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How to cite this article
Liuxin Chen and Gen Li, 2013. Optimal Inventory Replenishment Strategy for Perishable Products in a Multi-period Environment. Information Technology Journal, 12: 4233-4235.
DOI: 10.3923/itj.2013.4233.4235
URL: https://scialert.net/abstract/?doi=itj.2013.4233.4235
DOI: 10.3923/itj.2013.4233.4235
URL: https://scialert.net/abstract/?doi=itj.2013.4233.4235
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