Abstract
Pharmaceutical supply chain is an extremely complex process. However, very few researches have focused on this field. Our research mainly focuses on the optimal replenishment policy for pharmaceutical items with time-varying demand and partial backlogging on the basis of deteriorating inventory theory. For this model an optimal replenishment policy is established and a numerical example is provided to illustrate the results. Moreover, some researchers often repeatedly consider the cost due to deterioration. The mistake is verified in this paper.
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