TWO-COMMODITY PERISHABLE INVENTORY SYSTEM WITH BULK DEMAND FOR ONE COMMODITY

A two-commodity perishable inventory system

We present a two-commodity perishable stochastic inventory system under continuous review at a service facility with a finite waiting room. The maximum storage capacity for the i–th item is fixed as Si (i = 1, 2). We assume that a demand for the i–th commodity is of unit size. The arrival instants of customers to the service station constitutes a Poisson process with parameter λ. The customer d...

Coordinated and Joint Ordering Policies for Two Commodity Inventory System

Two-Commodity Markovian Inventory System with Set of Reorders

This article examines a two commodity substitutable inventory system—two different brands of super computers under continuous review. The demand points for each commodity are assumed to form independent Poisson processes. The reordering policy is to place orders for both the commodities when the total net inventory level drops to any one of the prefixed levels with prescribed probability distri...

(1, T) policy for a Two-echelon Inventory System with Perishable-on-the-Shelf Items

This paper deals with an i * Corresponding author Email address:   nventory system with one central warehouse and a number of identical retailers. We consider perishable-on-the-shelf items; that is, all items have a fixed shelf life and start to age on their arrival at the retailers. Each retailer faces Poisson demand and employs (1, T) inventory policy. Although demand not met at a retai...

A Regular Demand System with Commodity-Specific Demographic Effects

Regular consumer demand systems almost invariably employ specifications that involve common functional forms in all equations. When applications involve crosssectional data it is often the case that demographic effects are important. However it is plausible that demographic effects are commodity-specific. In this case, there may be a loss of efficiency if a common functional form across commodi...