Optimal Production and Inventory Policies for Delayed Deteriorating Items with Stock-Dependent Demand and Partial Backlogging under Two-Phase Production: Insights from COVID-19 Disruptions
The COVID-19 pandemic exposed critical weaknesses in global supply chains, necessitating strong and sustainable inventory strategies for perishable goods. This study proposes an economic production quantity (EPQ) model for items subject to delayed deterioration under a two-phase production framework with shortages and...