| Article ID: | iaor20022132 |
| Country: | India |
| Volume: | 38 |
| Issue: | 3 |
| Start Page Number: | 283 |
| End Page Number: | 298 |
| Publication Date: | Jun 2001 |
| Journal: | OPSEARCH |
| Authors: | Pakkala T.P.M., Kumar Santhosh U. |
| Keywords: | deteriorating items |
In this paper, we consider a continuous review (s,S) inventory system with stochastic demand for deteriorating item. The replenishment quantity is assumed to be random. To accommodate more general situations the demand is assumed to be dependent on the inventory level. Explicit expressions for the steady state probabilities and the system measures are derived. The optimal values of the decision variables, i.e., S and s, are obtained. Numerical examples are provided to illustrate the theoretical development.