Perishable inventory systems with impatient demands

David Perry and Wolfgang Stadje

Mathematical Methods of Operations Research, 1999, vol. 50, issue 1, 77-90

Abstract: An inventory system for perishable commodities (PIS) with finite shelf size and finite waiting room for demands is studied; the maximum shelf life and the maximum waiting time of a demand are assumed to be either constant or exponentially distributed, and the arrival rates for items and for demands are state-dependent. We determine the stationary distribution of the system and derive various kinds of cost functionals that are useful to evaluate the efficiency of the PIS. Copyright Springer-Verlag Berlin Heidelberg 1999

Keywords: Key words: Inventory system; perishable goods; state-dependent rates; stationary distribution; cost functionals (search for similar items in EconPapers)
Date: 1999
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Citations: View citations in EconPapers (6)

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DOI: 10.1007/PL00020928

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