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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