On a stochastic inventory model with deteriorating items (Q5932789)
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scientific article; zbMATH DE number 1607421
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | On a stochastic inventory model with deteriorating items |
scientific article; zbMATH DE number 1607421 |
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On a stochastic inventory model with deteriorating items (English)
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20 June 2001
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Summary: We suggest a new inventory continuous time stochastic model for deteriorating items. We derive optimal operating characteristics of the expected cost per unit time under the assumption that demand in each replenishment cycle forms a regenerative process. We also present numerical examples.
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stochastic model for deteriorating items
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optimal operating characteristics
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expected cost per unit time
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regenerative process
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