{"title":"A single product perishable inventory system with compulsory waiting period for reordering and with stochastic lead-time","authors":"J. P. S. Yadavalli, S. Udayabaskaran","doi":"10.1504/EJIE.2018.10015672","DOIUrl":null,"url":null,"abstract":"A continuous review of single product perishable stochastic inventory system is considered in which a reorder can be placed only after the expiry of a compulsory waiting period (CWP) even if the inventory position of the system demands an earlier placement of a reorder. There is a stochastic lead-time for replenishment. The steady-state probability distribution for the inventory level is explicitly found. Performance measures such as stationary mean number of replenishment, mean number of demand satisfied and mean number of demand lost are explicitly found. A numerical illustration is provided to highlight the behaviour of performance measures of the model. [Received 28 July 2017; Revised 10 January 2018; Accepted 13 April 2018]","PeriodicalId":1,"journal":{"name":"Accounts of Chemical Research","volume":null,"pages":null},"PeriodicalIF":16.4000,"publicationDate":"2018-09-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"2","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Accounts of Chemical Research","FirstCategoryId":"5","ListUrlMain":"https://doi.org/10.1504/EJIE.2018.10015672","RegionNum":1,"RegionCategory":"化学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"CHEMISTRY, MULTIDISCIPLINARY","Score":null,"Total":0}
引用次数: 2
Abstract
A continuous review of single product perishable stochastic inventory system is considered in which a reorder can be placed only after the expiry of a compulsory waiting period (CWP) even if the inventory position of the system demands an earlier placement of a reorder. There is a stochastic lead-time for replenishment. The steady-state probability distribution for the inventory level is explicitly found. Performance measures such as stationary mean number of replenishment, mean number of demand satisfied and mean number of demand lost are explicitly found. A numerical illustration is provided to highlight the behaviour of performance measures of the model. [Received 28 July 2017; Revised 10 January 2018; Accepted 13 April 2018]
期刊介绍：
Accounts of Chemical Research presents short, concise and critical articles offering easy-to-read overviews of basic research and applications in all areas of chemistry and biochemistry. These short reviews focus on research from the author’s own laboratory and are designed to teach the reader about a research project. In addition, Accounts of Chemical Research publishes commentaries that give an informed opinion on a current research problem. Special Issues online are devoted to a single topic of unusual activity and significance.
Accounts of Chemical Research replaces the traditional article abstract with an article "Conspectus." These entries synopsize the research affording the reader a closer look at the content and significance of an article. Through this provision of a more detailed description of the article contents, the Conspectus enhances the article's discoverability by search engines and the exposure for the research.
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