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Published in 2017 at "International Journal of Applied and Computational Mathematics"
DOI: 10.1007/s40819-016-0295-z
Abstract: This paper presents a continuous review inventory system in the presence of fuzziness and randomness in demand and cost parameter. In the realistic situations, determination of the stock-out cost is often difficult. Instead of having…
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Keywords:
continuous review;
methodology;
service level;
review inventory ... See more keywords
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Published in 2020 at "Probability in the Engineering and Informational Sciences"
DOI: 10.1017/s0269964817000225
Abstract: We consider a continuous review (s, S) model of perishable items with lost sales. Once items are perished the entire inventory drops instantaneously to zero. The total cost includes the cost of: ordering, unsatisfied demand,…
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Keywords:
review inventory;
cost;
continuous review;
perishable items ... See more keywords
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Published in 2025 at "International Journal of Management Science and Engineering Management"
DOI: 10.1080/17509653.2025.2489407
Abstract: ABSTRACT This paper broadens the traditional continuous review (s, Q) model with backorders based on three features. First, we posit that process quality, defined as the probability of conforming to product specifications, may deteriorate over…
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Keywords:
unit;
model backorders;
review model;
continuous review ... See more keywords