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dc.contributor.authorZeng, Shouzhen
dc.contributor.authorNestorenko, Oleksandr
dc.contributor.authorNestorenko, Tetyana
dc.contributor.authorMorkūnas, Mangirdas
dc.contributor.authorVolkov, Artiom
dc.contributor.authorBaležentis, Tomas
dc.contributor.authorZhang, Chonghui
dc.date.accessioned2020-01-06T12:39:00Z
dc.date.available2020-01-06T12:39:00Z
dc.identifier.issn2029-4913
dc.identifier.urihttps://repository.mruni.eu/handle/007/16078
dc.description.abstractA 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. In this paper, we introduce a modified version of Wilson’s model, which takes into account trends in consumer demand and offer flexibility in reordering time. The illustration of the proposed model is presented, showing the significant economic benefit under particular conditions.en
dc.language.isoenen
dc.publisherVilnius: Technika, 2019en
dc.rightsinfo:eu-repo/semantics/openAccessen
dc.titleEOQ for Perishable Goods: Modification of Wilson’s Model for Food Retailersen
dc.typeArticleen
dc.doi10.3846/tede.2019.11330en
dc.editorial.boardYraen
dc.identifier.alephelaba:46652977en
dc.publication.sourceTechnological and Economic Development of Economy. ISSN 2029-4913, 2019, Vol. 25, Iss. 6en
dc.subject.facultyEkonomikos ir verslo fakultetasen
dc.subject.facultyKitasen
dc.subject.keywordEconomic order quantityen
dc.subject.keywordWilson’s modelen
dc.subject.keywordInventory managementen
dc.subject.keywordRetailen
dc.subject.publicationtypeS1en
dc.subject.sciencedirection04S - Ekonomikaen
dc.subject.sciencedirection03S - Vadybaen


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