Analysis of a sampling control scheme for a perishable inventory system

Analysis of a sampling control scheme for a perishable inventory system

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Article ID: iaor20011476
Country: United States
Volume: 47
Issue: 6
Start Page Number: 966
End Page Number: 973
Publication Date: Nov 1999
Journal: Operations Research
Authors:
Keywords: inventory
Abstract:

We consider an inventory system in which both the arrival of items and the demand for those items are Poisson processes. The stored items have two phases of shelf-life. If the item has not been taken by a demand during the first phase it is inspected. With probability q it is removed and with probability p = 1 – q it is transferred to the second phase. The blood bank model inspired this study. We compute ergodic limits for the number of items in the system, the lost demands, and the two types of outdating.

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