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Perishable Inventory Control in Retrial Service Facility-Semi Markov Decision Process
| Content Provider | Semantic Scholar |
|---|---|
| Author | Kumar, S. Krishna Elango, Chinnasamy |
| Copyright Year | 2018 |
| Abstract | Abstract. This article deals the problem of optimally control ling the perishable inventory with exponential perishable rate and exponential le d time in a finite capacity retrial service facility system. Arrival of demands to the system is assumed as Poisson and service times are assumed to follows an exponential distribution. Here, the customers are not allowed to form a queue. A customer who sees th server busy joins the orbit and reattempts the system with exponential distributed ime. For the given values of maximum inventory and reorder level, we determine t h optimal ordering policy at various instants of time. The system is formulated as a Semi-Markov Decision Process and the optimum inventory control to be employed by using linear programming method so that the long–run expected cost rate is minimize d. Numerical examples are provided to illustrate the model. |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | http://www.researchmathsci.org/IJFMAart/IJFMA-v15n2-15.pdf |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
