The (S-1, S) Inventory Model for Deteriorating Items with Exponential Lead Time-Reference-Cited by-同舟云学术

The (S-1, S) Inventory Model for Deteriorating Items with Exponential Lead Time

Published:1989-03 Issue:1-2 Volume:38 Page:83-92
ISSN:0008-0683
Container-title:Calcutta Statistical Association Bulletin
language:en
Short-container-title:Calcutta Statistical Association Bulletin

Author:

Pal Manisha¹

Affiliation:

1. Department of Statistics, Calcutta University

Abstract

This paper considers an inventory model for items with a constant rate of decay, when lead time is random having an exponential distribution. The policy is to place an order with a supply centre whenever a demand is made or an item in stock deteriorates. The optimal stock to be maintained is obtained by minimising the total expected cost per unit time.

Publisher

SAGE Publications

Subject

General Medicine

Link

http://journals.sagepub.com/doi/pdf/10.1177/0008068319890107

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