On a stochastic inventory model with deteriorating items

L. Aggoun, L. Benkherouf and L. Tadj

International Journal of Mathematics and Mathematical Sciences, 2001, vol. 25, 1-7

Abstract:

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.

Date: 2001
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Persistent link: https://EconPapers.repec.org/RePEc:hin:jijmms:736147

DOI: 10.1155/S0161171201003234

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