An Inventory Model with Exogenous Failures

Israel David and Avraham Mehrez
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Israel David: Ben-Gurion University of the Negev, Beer Sheva, Israel
Avraham Mehrez: Ben-Gurion University of the Negev, Beer Sheva, Israel

Operations Research, 1995, vol. 43, issue 5, 902-903

Abstract: This note introduces a model where inventory is repeatedly wiped out due to exogenous failure processes. The difference between this model and perishable inventory models is pinpointed by two sample examples. Relevant applications are also mentioned.

Keywords: inventory/production; applications: obsolescent inventory; technological change; inventory/production; perishable/aging items: exogenous versus endogenous aging (search for similar items in EconPapers)
Date: 1995
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Citations: View citations in EconPapers (8)

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Persistent link: https://EconPapers.repec.org/RePEc:inm:oropre:v:43:y:1995:i:5:p:902-903

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