A note on inventory policies for products with residual-life-dependent demand

•We study an inventory model for perishable products with age-dependent demand rate.•We assume a deterministic and concave decreasing demand structure.•We build on the EOQ model and solve the problem in a profit-maximizing framework.•In the linear demand case, we characterize the optimal policy.•In the general demand case, we propose an adaptive heuristic policy which converges to a feasible solution with good performance.