On a stochastic inventory model with deteriorating items
We suggest a new inventory continuous time stochastic model for deteriorating items. We derive optimal operating characteristics of the expected cost per unit time under the assumption that demand in each replenishment cycle forms a regenerative process. We also present numerical examples.
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Hindawi Limited
2001-01-01
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| Series: | International Journal of Mathematics and Mathematical Sciences |
| Online Access: | http://dx.doi.org/10.1155/S0161171201003234 |