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
15m
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.