A two-warehouse probabilistic order-level inventory model for deteriorating items

A two-warehouse probabilistic order-level inventory model for deteriorating items

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Article ID: iaor19921262
Country: United Kingdom
Volume: 42
Issue: 12
Start Page Number: 1117
End Page Number: 1122
Publication Date: Dec 1991
Journal: Journal of the Operational Research Society
Authors: ,
Abstract:

In this paper an order-level probabilistic inventory model for deteriorating items with two warehouses is developed. It is assumed that the production rate is infinite and shortages are allowed. The rates of deterioration of items in the two warehouses are different. Also, a single-warehouse version for deteriorating items is discussed. This paper also considers a two-warehouse model for non-deteriorating items. An illustrative example offers a comparative study of the optimum cost for varying shortage cost.

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