Article ID: | iaor200635 |
Country: | Netherlands |
Volume: | 27 |
Issue: | 1 |
Start Page Number: | 13 |
End Page Number: | 19 |
Publication Date: | Aug 2000 |
Journal: | Operations Research Letters |
Authors: | Perry David, Stadje Wolfgang |
We consider a Poisson inventory model for perishable goods in which the items have random lifetimes and are scrapped either when reaching the end of their lifetime or a fixed constant expiration age. The crucial process to describe this system is the virtual death process