A Perishable Inventory System with Postponed Demands and Multiple Server Vacations. (18th April 2012)

• Record Type: Journal Article
• Authors: Jayaraman Jayaraman, R. R.; Sivakumar Sivakumar, B. B.; Arivarignan Arivarignan, G. G.
• Other Names: Bruzzone Bruzzone Agostino Agostino Academic Editor.
• Is Part Of: Modelling and simulation in engineering. Volume 2012(2012)
• Publication Date: 2012-04-18
• Subjects: Engineering -- Simulation methods -- Periodicals; Engineering -- Mathematical models -- Periodicals; 620.004
• DOI: 10.1155/2012/620960
• Languages: English
• ISSNs: 1687-5591

Abstract

Abstract : A mathematical modelling of a continuous review stochastic inventory system with a single server is carried out in this work. We assume that demand time points form a Poisson process. The life time of each item is assumed to have exponential distribution. We assume ( s, S ) ordering policy to replenish stock with random lead time. The server goes for a vacation of an exponentially distributed duration at the time of stock depletion and may take subsequent vacation depending on the stock position. The customer who arrives during the stock-out period or during the server vacation is offered a choice of joining a pool which is of finite capacity or leaving the system. The demands in the pool are selected one by one by the server only when the inventory level is above s, with interval time between any two successive selections distributed as exponential with parameter depending on the number of customers in the pool. The joint probability distribution of the inventory level and the number of customers in the pool is obtained in the steady-state case. Various system performance measures in the steady state are derived, and the long-run total expected cost rate is calculated.