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: | Perry David |
Keywords: | inventory |
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