Perishable inventory systems with impatient demands

David Perry; Wolfgang Stadje

doi:10.1007/s001860050071

Perishable inventory systems with impatient demands

David Perry
, Wolfgang Stadje

Department of Statistics

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

Abstract

An inventory system for perishable commodities (PIS) with finite shelf size and finite waiting room for demands is studied; the maximum shelf life and the maximum waiting time of a demand are assumed to be either constant or exponentially distributed, and the arrival rates for items and for demands are state-dependent. We determine the stationary distribution of the system and derive various kinds of cost functionals that are useful to evaluate the efficiency of the PIS.

Original language	English
Pages (from-to)	77-90
Number of pages	14
Journal	Mathematical Methods of Operations Research
Volume	50
Issue number	1
DOIs	https://doi.org/10.1007/s001860050071
State	Published - Aug 1999

ASJC Scopus subject areas

Software
General Mathematics
Management Science and Operations Research

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abstract = "An inventory system for perishable commodities (PIS) with finite shelf size and finite waiting room for demands is studied; the maximum shelf life and the maximum waiting time of a demand are assumed to be either constant or exponentially distributed, and the arrival rates for items and for demands are state-dependent. We determine the stationary distribution of the system and derive various kinds of cost functionals that are useful to evaluate the efficiency of the PIS.",

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AB - An inventory system for perishable commodities (PIS) with finite shelf size and finite waiting room for demands is studied; the maximum shelf life and the maximum waiting time of a demand are assumed to be either constant or exponentially distributed, and the arrival rates for items and for demands are state-dependent. We determine the stationary distribution of the system and derive various kinds of cost functionals that are useful to evaluate the efficiency of the PIS.

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M3 - Article

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Perishable inventory systems with impatient demands

Abstract

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