Perishable inventory management with stochastic leadtime and different selling prices (Q801793)
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scientific article; zbMATH DE number 3880400
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | Perishable inventory management with stochastic leadtime and different selling prices |
scientific article; zbMATH DE number 3880400 |
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Perishable inventory management with stochastic leadtime and different selling prices (English)
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1984
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This paper discusses a model for a perishable product with stochastic procurement leadtime and different selling prices. This model is a generalization of the one period horizon model of \textit{S. Nahmias} [Oper. Res. 26, 464-481 (1978; Zbl 0383.90040], the authors and \textit{S. Shiode} [Eur. J. Oper. Res. 8, 76-85 (1981; Zbl 0462.90022)], and the authors [J. Oper. Res. Soc. Jap. 24, 110-135 (1981; Zbl 0459.90022)]. For the model, the optimal ordering policy and its properties are derived.
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perishable product
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stochastic procurement leadtime
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different selling prices
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optimal ordering policy
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