Markov decision processes in service facilities holding perishable inventory

DOI10.1007/s12597-012-0084-3zbMath1260.90068OpenAlexW1975257266MaRDI QIDQ1947214

C. Elango, R. Satheesh Kumar

Publication date: 12 April 2013

Published in: Opsearch (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/s12597-012-0084-3

zbMATH Keywords

Markov decision processvalue iterationperishable inventorypositive lead timeequilibrium probability distributionperishable rateservice facility system

Mathematics Subject Classification ID

Queues and service in operations research (90B22) Inventory, storage, reservoirs (90B05) Markov and semi-Markov decision processes (90C40)

Related Items (3)

A production inventory model with deteriorating items and retrial demands ⋮ Optimal service rates of a queueing inventory system with finite waiting hall, arbitrary service times and positive lead times ⋮ Continuous review \((s, Q)\) inventory system at a service facility with positive order lead times

Uses Software

• MCQueue

Cites Work

• Markov chains with marked transitions
• Optimal inventory replenishment policy for a queueing system with finite waiting room capacity
• OPTIMAL CONTROL OF A MAKE-TO-STOCK SYSTEM WITH ADJUSTABLE SERVICE RATE
• Introduction to Matrix Analytic Methods in Stochastic Modeling
• Stochastic models for inventory management at service facilities
• Multichain Markov Renewal Programs
• Optimal control of service facilities holding inventory.
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