A perishable inventory model with Markovian renewal demands

International Journal of Production Economics

Volumn 121, Issue 1, 2009, Pages 176-182

  Lian, Zhaotong ^a   Liu, Xiaoming ^a   Zhao, Ning ^a  

^a UNIVERSITY OF MACAU   (Macao)

Author keywords

Demand; Inventory; Markovian renewal process; Perishable

Indexed keywords

INDUSTRIAL ECONOMICS; INDUSTRIAL ENGINEERING;

DEMAND; INVENTORY; INVENTORY MODELING; LONG-RUN COST RATES; NUMERICAL RESULTS; PERISHABLE; PERISHABLE INVENTORY; RENEWAL PROCESS;

INVENTORY CONTROL;

EID: 69249217730     PISSN: 09255273     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.ijpe.2009.04.026     Document Type: Article

References (25)

1. Chazan D., and Gal S. A Markovian model for a perishable product inventory. Management Science 23 (1977) 512-521
2. Chiu H.N. An approximation to the continuous review inventory model with perishable items and lead times. European Journal of Operational Research 87 (1995) 95-108
3. Chiu H.N. A heuristic (R, T) periodic review perishable inventory model with lead times. International Journal of Production Economics 42 (1995) 1-15
4. Cinlar E. Introduction to Stochastic Process (1975), Prentice-Hall, New York
5. Cohen M.A. Analysis of single critical number ordering policies for perishable inventories. Operations Research 24 (1976) 726-741
6. Fries B. Optimal ordering policy for a perishable commodity with fixed lifetime. Operations Research 23 (1975) 46-61
7. Kalpakam S., and Arivarignan G. A continuous review perishable inventory model. Statistics 19 (1988) 389-398
8. Kalpakam S., and Sapna K.P. Continuous review (s, S) inventory system with random lifetimes and positive leadtimes. Operations Research Letters 16 (1994) 115-119
9. Lian Z., and Liu L. A discrete-time model for perishable inventory system. Annals of Operations Research 87 (1999) 103-116
10. Lian Z., and Liu L. An (s, S) continuous review perishable inventory system: models and heuristics. IIE Transactions 33 (2001) 809-822
11. Lian Z., Neuts M.F., and Liu L. Discrete-time models for common lifetime inventory systems. Mathematics of Operations Research 30 (2005) 718-732
12. Liu L. Continuous review models for inventory with random lifetimes. Operations Research Letters 9 (1990) 161-167
13. Liu L., and Lian Z. An (s, S) continuous review model for perishable inventory. Operations Research 47 (1999) 150-158
14. Liu L., and Shi D. An (s, S) model for inventory with exponential lifetimes and renewal demands. Naval Research Logistics 46 (1999) 39-56
15. Liu L., and Yang T. An (s, S) random lifetime inventory model with a positive lead time. European Journal of Operational Research 113 (1999) 52-63
16. Nahmias S. A comparison of alternative approximations for ordering perishable inventory. INFOR 13 (1975) 175-184
17. Nahmias S. Optimal ordering policies for perishable inventory-ii. Operations Research 23 (1975) 735-749
18. Nahmias S. Myopic approximations for the perishable inventory problem. Management Science 22 (1976) 1002-1008
19. Nahmias S. The fixed-charge perishable inventory problem. Operations Research 26 (1978) 464-481
20. Nahmias S. Perishable inventory theory: a review. Operations Research 30 (1982) 680-708
21. Nandakumar P., and Morton T.T. Near myopic heuristics for the fixed-life perishable problem. Management Science 39 (1993) 1490-1498
22. Ravichandran N. Stochastic analysis of a continuous review perishable inventory system with positive lead time and poisson demand. European Journal of Operational Research 84 (1995) 444-457
23. Sethi S.P., and Cheng F. Optimality of (s, S) policies in inventory models with Markovian demand. Operations Research 45 (1997) 931-939
24. Song J.S., and Zipkin P. Inventory control in a fluctuating demand environment. Operations Research 41 (1993) 351-370
25. Weiss H. Optimal ordering policies for continuous review perishable inventory models. Operations Research 28 (1980) 365-374