Abstract
We Consider a continuous review (s,S) inventory system in which commodities are damaged due to decay and disaster. Demands for items follow Poisson process and the life times of an item and the times between the disasters exponential. Assuming no shortages and zero lead time, transient and steady state probabilities on inventory levels are derived. Optimization is discussed with numerical illustrations
Sign-in/Register to access full text options 
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.
