Inventory systems of perishable commodities
- 1 June 1983
- journal article
- research article
- Published by Cambridge University Press (CUP) in Advances in Applied Probability
- Vol. 15 (03), 674-685
- https://doi.org/10.1017/s0001867800021467
Abstract
This paper deals with the blood-bank model; namely, an inventory system in which both arrival of items and demand are stochastic and items stored have finite lifetimes. We assume that the arrival and demand processes are independent Poisson processes. We use an analogy with queueing models with impatient customers to obtain some of the important characteristics of the system.Keywords
This publication has 3 references indexed in Scilit:
- Some martingales associated with queueing and storage processesProbability Theory and Related Fields, 1981
- On Level Crossings and Cycles in Dam ProcessesMathematics of Operations Research, 1977
- On up- and downcrossingsJournal of Applied Probability, 1977