Continuous review (s, S) inventory system with random lifetimes and positive leadtimes

Authors:
S. Kalpakam;K. P. Sapna
Affiliations:
Department of Mathematics, I.I.T. Madras, India 600 036;Department of Mathematics, I.I.T. Madras, India 600 036
Venue:
Operations Research Letters
Year:
1994

Citing 1
Cited 4

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Analyzing a stochastic inventory system for deteriorating items with stochastic lead time using simulation modeling

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Building an inventory model for deteriorating items with stochastic demand and lead time using simulation modeling

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Abstract

This paper analyzes an (s, S) perishable system with Poisson demands and exponentially distributed leadtimes for items with exponential lifetimes. Demands occurring during stock-out periods are lost. The steady-state operating characteristics are obtained explicitly and the analytical properties of the long-run expected cost rate are discussed.