On probabilistic scheduling period inventory system for deteriorating items with instantaneous demand (Q3974425)
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scientific article; zbMATH DE number 11526
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| English | On probabilistic scheduling period inventory system for deteriorating items with instantaneous demand |
scientific article; zbMATH DE number 11526 |
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On probabilistic scheduling period inventory system for deteriorating items with instantaneous demand (English)
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25 June 1992
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instantaneous demand
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probabilistic scheduling period inventory system
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continuous deterioration
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0.9473056197166444
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0.9383589029312134
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A probabilistic scheduling period inventory system is considered for items that deteriorate continuously in time. The demand is assured to occur instantaneously at the beginning of the scheduling period. Shortages are not allowed. A model with a non-zero lead time is developed first and, then, the special case is considered in which the lead time is a multiple of the scheduling period. The inventory models are developed using a general deterioration function. Their particular cases, when the rate of deterioration is constant, are also developed. Models are illustrated with numerical examples.
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