Program/Track B/B.2.1/Algorithmic Approach to Study the Model of Perishable Inventory System with Repeated Customers
Algorithmic Approach to Study the Model of Perishable Inventory System with Repeated Customers
Agassi Melikov, Mamed Shahmaliyev, János Sztrik
The model of perishable inventory system with repeated customers is examined under (s; S) policy. The stability condition of the system is derived and the joint distribution of the number of customers in orbit and the inventory level is obtained by using matrix-geometric method. Formulas for calculation of the performance measures are developed.