ACTUARIAL VALUATION OF PERISHABLE INVENTORY SYSTEMS

DOI10.1017/S0269964804182053MaRDI QIDQ4819216zbMATH OpenOpenAlexFDO

Authors Steven Nahmias, David Perry, Wolfgang Stadje

Publication date 24 September 2004

Published in Probability in the Engineering and Informational Sciences (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1017/s0269964804182053

zbMATH Keywords

actuarial valuation

Mathematics Subject Classification ID

Queueing theory (aspects of probability theory) (60K25) Applications of queueing theory (congestion, allocation, storage, traffic, etc.) (60K30) Inventory, storage, reservoirs (90B05)

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Cites work

• A discrete-time model for perishable inventory systems
• A perishable inventory system with modified \((S-1,S)\) policy and arbitrary processing times.
• Age-based vs. stock level control policies for a perishable inventory system
• An inventory system for perishable items with by-products
• Clearing models for \(M/G/1\) queues
• Disasters in a Markovian inventory system for perishable items
• Inventory systems for goods with censored random lifetimes
• Inventory systems of perishable commodities

Cited in

(10)

• A replenishment inventory model with a stock-dependent demand and age-stock-dependent cost functions in a random environment
• CONTROL POLICIES FOR INVENTORY SYSTEMS WITH PERISHABLE ITEMS: OUTSOURCING AND URGENCY CLASSES
• A duality approach to queues with service restrictions and storage systems with state-dependent rates
• A continuous review model with general shelf age and delay-dependent inventory costs
• Perishable inventories with random input: a unifying survey with extensions
• Continuous review inventory models for perishable items ordered in batches
• FIFO versus LIFO issuing policies for stochastic perishable inventory systems
• Inventory models with shelf-age and delay-dependent inventory costs
• Pricing perishable products with compound Poisson demands
• The \(( S - 1 , S)\) inventory model and its counterparts in queueing theory

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