Article ID: | iaor20001341 |
Country: | United States |
Volume: | 12 |
Issue: | 1 |
Start Page Number: | 23 |
End Page Number: | 29 |
Publication Date: | Jan 1999 |
Journal: | Journal of Applied Mathematics and Stochastic Analysis |
Authors: | Benkherouf Lakdere, Aggoun Lakhdar, Tadj Lotfi |
Keywords: | markov processes |
In this paper, we propose a single-product, discrete time inventory model for perishable items. Inventory levels are reviewed periodically and units in stock have a maximum lifetime of