Advanced Search

Query:

Fill in the form and click »Search«...

Format:

Display: entries per page entries

Zbl 0896.60074
Aggoun, L.; Benkherouf, L.; Tadj, L.
A hidden Markov model for an inventory system with perishable items. (English)
[J] J. Appl. Math. Stochastic Anal. 10, No.4, 423-430 (1997). ISSN 1048-9533; ISSN 1687-2177/e

Summary: This paper deals with a parametric multi-period integer-valued inventory model for perishable items. Each item in the stock perishes in a given period of time with some probability. Demands are assumed to be random and the probability that an item perishes is not known with certainty. Expressions for various parameter estimates of the model are established and the problem of finding an optimal replenishment schedule is formulated as an optimal stochastic control problem.

MSC 2000:: *60K30 Appl. of queueing theory
60J10 Markov chains with discrete parameter
90B05 Inventory management

Keywords: inventory control; perishable items; Markov models; measure chain techniques

Comment on this Item PDF MathML XML ASCII DVI PS BibTeX Online Ordering Article Article Journal Journal

	Scientific prize winners of the ICM 2010
	Overhang
	Lie groups, physics and geometry. An introduction for physicists, engineers and chemists.

Advanced Search

Zentralblatt MATH Berlin [Germany]