Abstract
This paper analyzes a lost sales (s, S) type perishable inventory system with varying ordering quantity under renewal demands. The items have constant hazard rates and the mean rate of replenishment is dependent on the order size. The techniques of semi-regenerative processes are applied to obtain the various operating characteristics. Cost optimization, which includes sensitivity analysis of various system parameters, is also discussed with numerical illustrations.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
