Inventory systems for goods with censored random lifetimes

Autor(en): Perry, D
Stadje, W 
Stichwörter: DEMAND; Operations Research & Management Science
Erscheinungsdatum: 2000
Herausgeber: ELSEVIER SCIENCE BV
Journal: OPERATIONS RESEARCH LETTERS
Volumen: 27
Ausgabe: 1
Startseite: 21
Seitenende: 27
Zusammenfassung: 
We consider a Poisson inventory model for perishable goods in which the items have random lifetimes and are scrapped either when reaching the end of their lifetime or a fixed constant expiration age. The crucial process to describe this system is the virtual death process (TY(t))(t greater than or equal to 0), where W(t) is the residual waiting time after time t until the next `death' of an item if there were no demand arrivals after t. We derive its stationary law in closed form and determine the distribution of the number of items in the system (also in steady state). (C) 2000 Elsevier Science B.V. All rights reserved.
ISSN: 01676377
DOI: 10.1016/S0167-6377(00)00020-1

Show full item record

Page view(s)

1
Last Week
0
Last month
0
checked on Feb 29, 2024

Google ScholarTM

Check

Altmetric