Perishable inventory systems with impatient demands

Perishable inventory systems with impatient demands

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Article ID: iaor20001959
Country: Germany
Volume: 50
Issue: 1
Start Page Number: 77
End Page Number: 90
Publication Date: Jan 1999
Journal: Mathematical Methods of Operations Research (Heidelberg)
Authors: ,
Keywords: deteriorating items
Abstract:

An inventory system for perishable commodities (PIS) with finite shelf size and finite waiting room for demands is studied; the maximum shelf life and the maximum waiting time of a demand are assumed to be either constant or exponentially distributed, and the arrival rates for items and for demands are state-dependent. We determine the stationary distribution of the system and derive various kinds of cost functionals that are useful to evaluate the efficiency of the PIS.

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