An inventory system for perishable items with by-products

David Perry and Wolfgang Stadje

Mathematical Methods of Operations Research, 2000, vol. 51, issue 2, 287-300

Abstract: We present models for inventory systems with perishable commodities (PISs) in which the items are not scrapped after reaching their maximum lifetime but are transferred to a second PIS where they are used to satisfy another random stream of demands. We determine the steady-state distribution of the virtual death processes in the various models and point out connections to certain queueing and dam models. Copyright Springer-Verlag Berlin Heidelberg 2000

Keywords: Key words: Perishable inventory system; by-product; virtual death process; stationary distribution; modified M/M/1 queue (search for similar items in EconPapers)
Date: 2000
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DOI: 10.1007/s001860050089

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