Control of input and demand rates in inventory systems of perishable commodities

D. Perry and M. J. M. Posner

Naval Research Logistics (NRL), 1990, vol. 37, issue 1, 85-97

Abstract: In this article we explore some problems of control of arrival and demand rates in systems of perishable items. First, a model in which the demand rate can be switched from one level to another is considered, and a corresponding optimization formulation for the control policy is developed. The model is then extended, with some variants, to one with two switchover levels. A duality equivalence between this observable Markov process based on the virtual waiting time and the equivalent nonobservable Markov process is explored and applied.

Date: 1990
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Citations: View citations in EconPapers (7)

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https://doi.org/10.1002/1520-6750(199002)37:13.0.CO;2-F

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Persistent link: https://EconPapers.repec.org/RePEc:wly:navres:v:37:y:1990:i:1:p:85-97

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