An inventory system for perishable items with by-products

David Perry; Wolfgang Stadje

doi:10.1007/s001860050089

An inventory system for perishable items with by-products

David Perry, Wolfgang Stadje

Department of Statistics

Research output: Contribution to journal › Article › peer-review

Abstract

We present models for inventory systems with perishable commodities (PISs) in which the items are not scrapped after reaching their maximum lifetime but are transferred to a second PIS where they are used to satisfy another random stream of demands. We determine the steady-state distribution of the virtual death processes in the various models and point out connections to certain queueing and darn models.

Original language	English
Pages (from-to)	287-300
Number of pages	14
Journal	Mathematical Methods of Operations Research
Volume	51
Issue number	2
DOIs	https://doi.org/10.1007/s001860050089
State	Published - 2000

Keywords

By-product
Modified m/m/1 queue
Perishable inventory system
Stationary distribution
Virtual death process

ASJC Scopus subject areas

Software
General Mathematics
Management Science and Operations Research

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10.1007/s001860050089

Cite this

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AB - We present models for inventory systems with perishable commodities (PISs) in which the items are not scrapped after reaching their maximum lifetime but are transferred to a second PIS where they are used to satisfy another random stream of demands. We determine the steady-state distribution of the virtual death processes in the various models and point out connections to certain queueing and darn models.

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KW - Stationary distribution

KW - Virtual death process

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An inventory system for perishable items with by-products

Abstract

Keywords

ASJC Scopus subject areas

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