A Multi-Item Inventory Control Model for Perishable Items with Two Shelves

摘要

In this paper a multi-item inventory control model for perishable items which can be sold on the two shelves. The first shelf is for normal sales shelf and includes a number of single items. The second shelf is for sales promotion and consists of multiple items.We show that there exists an optimal policy so as to minimize the expected total cost for N items consisting of a general convex inventory or salvage and penalty cost functions.We also explore an optimal ordering pol icy of a finite horizon inventory model with a sales promotion shelf capacity constraint under the newsboy problem setting.