ACTUARIAL VALUATION OF PERISHABLE INVENTORY SYSTEMS

DOI10.1017/S0269964804182053zbMath1051.60093MaRDI QIDQ4819216

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

60K25: Queueing theory (aspects of probability theory)

90B05: Inventory, storage, reservoirs

60K30: Applications of queueing theory (congestion, allocation, storage, traffic, etc.)

Related Items

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 CONTINUOUS REVIEW MODEL WITH GENERAL SHELF AGE AND DELAY-DEPENDENT INVENTORY COSTS, FIFO versus LIFO issuing policies for stochastic perishable inventory systems, Continuous review inventory models for perishable items ordered in batches, The \(( S - 1 , S)\) inventory model and its counterparts in queueing theory, A Duality Approach to Queues with Service Restrictions and Storage Systems with State-Dependent Rates, PRICING PERISHABLE PRODUCTS WITH COMPOUND POISSON DEMANDS, Inventory Models with Shelf-Age and Delay-Dependent Inventory Costs

Cites Work

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• 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
• Clearing models for \(M/G/1\) queues