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A discrete-time model for perishable inventory systems

delete1999-01-01
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Zhaotong Lian
L
Liu, LM
DOI:10.1023/A:1018960314433delete
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摘要

摘要

En 中文
We study a discrete-time (s, S) perishable inventory model with geometric inter-demand times and batch demands. With a zero lead time and allowing backlogs, we can construct a multi-dimensional Markov chain to model the inventory-level process and obtain a closed-form cost function. Numerical computation for the discrete-time models is quite manageable. Our numerical results reveal some good properties of the cost function. By comparing our results with results from the corresponding continuous-time models, we may also conclude that discrete-time models may be used to approximate their continuous-time counterparts effectively.
Keyword:
perishable inventory
discrete-time
Markov chain
continuous review
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期刊

Annals of Operations Research 封面图
Annals of Operations Research
IF:
4.5
论文数:
8.1K
被引数:
2.1W

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