Jonas C. P. Yu

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This paper develops a deteriorating inventory model for the product experiencing continuous decrease in unit price. We proposes an inventory model with efficient replenishment policy for a single supplier-buyer partnership in which the buyer considers JIT through a realization of multiple deliveries considering the buyer's EOQ ordering strategy. The market(More)
In Moon and Lee's model (2000), they developed a finite planning horizon economic order quantity (EOQ) model with time value of money and inflation. This paper extends Moon and Lee's model to examine a production system with a random life cycle. Two conditions are discussed: the first is when the product life cycle ends in the production stage and the(More)