On a stochastic inventory model with deteriorating items

DOI10.1155/S0161171201003234MaRDI QIDQ5932789zbMATH OpenFDO

Authors Lakhdar Aggoun, Lakdere Benkherouf, L. Tadj

Publication date 20 June 2001

Published in International Journal of Mathematics and Mathematical Sciences (Search for Journal in Brave)

Full work available at URL https://eudml.org/doc/48955

zbMATH Keywords

expected cost per unit timeoptimal operating characteristicsregenerative processstochastic model for deteriorating items

Mathematics Subject Classification ID

Markov chains (discrete-time Markov processes on discrete state spaces) (60J10) Applications of queueing theory (congestion, allocation, storage, traffic, etc.) (60K30) Inventory, storage, reservoirs (90B05)

Review text

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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• On (S-1, S) Inventory Model for Deteriorating Items under State Dependent System
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• ON A STOCHASTIC INVENTORY MODEL WITH DETERIORATION AND STOCK-DEPENDENT DEMAND ITEMS
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• Study of Memory Effect in an Inventory Model with Constant Deterioration Rate
• Survey of Literature on Continuously Deteriorating Inventory Models
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