On the $$\varvec{(Q,r)}$$(Q,r) policy for perishables with positive lead times and multiple outstanding orders

Emre Berk (), Ülkü Gürler () and Saeed Poormoaied ()
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Emre Berk: Bilkent University
Ülkü Gürler: Bilkent University
Saeed Poormoaied: Bilkent University

Annals of Operations Research, 2020, vol. 284, issue 1, No 4, 98 pages

Abstract: Abstract We consider an inventory system for perishables with fixed lifetimes, positive replenishment lead times and lost sales in the presence of non-negligible fixed ordering costs. The system is studied under the lotsize reorder level (Q, r) policy. An exact analysis of this system based on the stationary distribution of the remaining lifetime process is provided by Berk and Gürler (Oper Res 56(5):1238–1246, 2008) under the restriction that there is at most one outstanding order at any time ($$r

Keywords: Perishable inventory; Lot size-reorder point policy; Lost sales; Effective lifetime; Multiple outstanding orders (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (1)

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DOI: 10.1007/s10479-018-3044-3

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