An EOQ model for perishable items under stock-dependent selling rate and time-dependent partial backlogging [An article from: European Journal of Operational Research]

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Description:
In the present paper, we extend Padmanabhan and Vrat's model by proposing a time-proportional backlogging rate to make the theory more applicable in practice. The existence and uniqueness of the solutions of the relevant systems are examined. Subsequently, a numerical example is presented to illustrate the application of developed model.