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Substitution With Increase Demand by Paulo Eduardo Pissardini is a document available to read on EtoBox.
This study presents an economic order quantity model that incorporates product substitution in inventory management under conditions of inflation and shortages. It emphasizes the importance of substitution for optimizing inventory levels, reducing costs, and enhancing customer satisfaction, demonstrating that partial substitution can lead to significant cost savings. The model provides businesses with insights for determining optimal ordering quantities for two deteriorating products, ultimately improving s
- Author
- Paulo Eduardo Pissardini
- Language
- EN