Residential College | false |
Status | 已發表Published |
Continuous review perishable inventory systems: models and heuristics | |
Zhaotong Lian1; Liming Liu2 | |
2001 | |
Source Publication | IIE Transactions |
ABS Journal Level | 3 |
ISSN | 0740-817X |
Volume | 33Issue:9Pages:809-822 |
Abstract | We consider continuous review perishable inventory models with renewal batch demands. Assuming zero lead time, we construct an embedded Markov chain. With a probabilistic approach, we derive a closed-form long run average cost function under the (s,S) replenishment policy. Numerical analysis is then used to identify the properties of the cost function and to demonstrate the impacts of changing batch sizes and other system parameters. Based on these results, a heuristic approach to handle problems with positive lead times is proposed. The performance of the heuristics against simulation results demonstrates its effectiveness and accuracy. |
Keyword | Mechanical Engineer Cost Function Markov Chain System Parameter Lead Time |
DOI | 10.1023/A:1010958218975 |
Indexed By | SCIE ; SSCI |
Language | 英語English |
WOS Research Area | Engineering ; Operations Research & Management Science |
WOS Subject | Engineering, Industrial ; Operations Research & Management Science |
WOS ID | WOS:000168733200009 |
Publisher | KLUWER ACADEMIC PUBL, SPUIBOULEVARD 50, PO BOX 17, 3300 AA DORDRECHT, NETHERLANDS |
Scopus ID | 2-s2.0-0035452599 |
Fulltext Access | |
Citation statistics | |
Document Type | Journal article |
Collection | DEPARTMENT OF ACCOUNTING AND INFORMATION MANAGEMENT University of Macau |
Corresponding Author | Zhaotong Lian |
Affiliation | 1.University of Massachusetts 2.Hong Kong University of Science and Technology |
Recommended Citation GB/T 7714 | Zhaotong Lian,Liming Liu. Continuous review perishable inventory systems: models and heuristics[J]. IIE Transactions, 2001, 33(9), 809-822. |
APA | Zhaotong Lian., & Liming Liu (2001). Continuous review perishable inventory systems: models and heuristics. IIE Transactions, 33(9), 809-822. |
MLA | Zhaotong Lian,et al."Continuous review perishable inventory systems: models and heuristics".IIE Transactions 33.9(2001):809-822. |
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