Analysis of inventory system with three stages of deterioration

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Analysis of inventory system with three stages of deterioration

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Abstract

In this article, we consider a continuous review perishable inventory system with instantaneous replenishment policy. The status of perishable item in inventory is assumed to be in any one of the three stages good, average and damaged. The demand process is assumed to be Poisson, replenishment is instantaneous and the deterioration process is prescribed by certain transition probability matrix. Various stationary system performance measures are obtained. The total system maintenance cost rate is calculated and an optimal value of the S is obtained.. The results are illustrated numerically.

Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

Ethical Approval

No ethics committee approval was required for this article type.

Data Availability

Not applicable for this article.

How to Cite This Article

sobha vijayakumar, Thangavelu, P., Elango. 2012. "Analysis of inventory system with three stages of deterioration". Global Journal of Science Frontier Research, Global Journal of Science Frontier Research - F: Mathematics & Decision GJSFR-F Volume 12 (GJSFR Volume 12 Issue F1).

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Journal Specifications

Crossref Journal DOI 10.17406/GJSFR

Print ISSN 0975-5896

e-ISSN 2249-4626

Keywords
Classification
GJSFR-F Classification FOR Code: 010299
Version of record

v1.2

Issue date
December 10, 2012

Language
English
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Analysis of inventory system with three stages of deterioration

sobha vijayakumar
sobha vijayakumar Alagappa University
Thangavelu
Thangavelu
P., Elango
P., Elango