EOQ for perishable goods: modification of Wilson’s model for food retailers

A timely response to a fluctuating and ever-changing consumer demand is an important decision for a company, as it may impact its position in the market. Thus, proper inventory management becomes a focal point in retail business process management and can provide a substantial competitive advantage...

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Bibliographic Details
Main Authors: Shouzhen Zeng, Oleksandr Nestorenko, Tetyana Nestorenko, Mangirdas Morkūnas, Artiom Volkov, Tomas Baležentis, Chonghui Zhang
Format: Article
Language:English
Published: Vilnius Gediminas Technical University 2019-12-01
Series:Technological and Economic Development of Economy
Subjects:
Online Access:https://journals.vgtu.lt/index.php/TEDE/article/view/11330