Product Replacement Strategies for Perishable Inventory Systems using Queuing Theory

Authors

  • Rakesh kumar School of Mathematics, Shri Mata Vaishno Devi University, Katra,
  • Sumeet Kumar Sharma Sub-Post Office, University Campus-182320, Jammu & Kashmir, India

DOI:

https://doi.org/10.37591/joprm.v2i1-2-3.7136

Keywords:

Perishable inventory, Retained customers, Multi-channel queuing system, Product replacement, and Reneging

Abstract

Inventory management plays a crucial role in managing production processes as well as the supply chains. The study of inventory systems with perishable products has a special significance as it influences the cost and revenue of a firm. Product replacement strategies act like safeguards to the retailers (firms) dealing with the business of perishable products. An inventory system with perishable products and product replacement is studied. A finite capacity multi-channel Markovian queuing model with the retention of reneged customers is proposed for such inventory systems. The perishable products are modeled as reneged customers and the products provided in the form of replacement are considered as retained customers

References

Graves S.C. Management Science 1982. 28(4). 400–406p.

Garnett O. et al. Manufacturing & Service Operations Management 2002. 4. 208–227p.

Goswami A. et al. International Journal of Mathematics in Operational Research 2010. 2(1). 17–39p.

Jouini O. et al. European Journal of Operational Research 2010. 207. 258–268p.

Kawanishi K. Computers & Operations Research 2008. 35. 2463–2481p.

Brahimi A. and Worthington D. Journal of the Operational Research Society 1991. 42. 733–746p.

Kopach, R. et al. European Journal of Operational Research 2008. 185. 1051– 1059p

Baccelli F. and Hebuterne, G. Performance'

North-Holland Publishing Company

Zohar E. et al. Management Science 2002. 48. 566–583p.

Perry D. Operations Research 1999. 47. 966–973p.

Kalpakam S. and Shanthi, S. Computers & Operations Research 1995. 28. 453–471p.

12.Broekmeulen R. and Van Donselaar K. Computers & Operations Research 2009. 36. 3013–3018p .

Barrer, D. Y. Operations research 1957. 5. 644–649p.

William K. Operations Research 1957. 5(5). 693–703p.

Sasieni M. W. Operations Research 1961. 9(6). 771–781p.

Nahmias S. Proc. First Symp., Inventories

Budapest. 449–457p.

Benjaafar S., Gayon J., and Tepe S.

Operations Research Letters. 2010. 38. 267

– 272p.

Nahmias S. Operations Research 1982. 30(4). 680–708p.

Graves, S.C., Keilson, J. Mathematics of Operations Research 1981. 6(2). 246-262p.

Manuel P., Lawrence A.S. International Journal of Information and Management Sciences 2007. 18(4). 317–334p.

Shukla D. and Khedlekar, U.K. International Journal of Operations Research 2010. 7(2). 61–70p.

Teimoury E. et al. Proceeding of International Multi-Conference of Engineering and Computer Scientists 2011.

IMECS -2011, Hong Kong.

Karaesmen, I., S.-W. A. and Deniz, B. International Series in Operations Research and Management Science 2011. 1.393–438p.

Shukla D. et al. International Journal of Modelling, Simulation and Scientific Computing 2012. 3(1). 115001-1-30p.

Kumar R.and Sharma, S.K International Journal of Operational Research 2013.17(3). In Press.

Downloads

Published

2023-07-26

Issue

Vol. 2 No. 1-2-3 (2012)

Section

Articles

License

Declaration and Copyright Transfer Form

(to be completed by authors)

I/ We, the undersigned author(s) of the submitted manuscript, hereby declare, that the above manuscript which is submitted for publication in the STM Journals(s), is not published already in part or whole (except in the form of abstract) in any journal or magazine for private or public circulation, and, is not under consideration of publication elsewhere.

  • I/We will not withdraw the manuscript after 1 week of submission as I have read the Author Guidelines and will adhere to the guidelines.
  • I/We Author(s ) have niether given nor will give this manuscript elsewhere for publishing after submitting in STM Journal(s).
  • I/ We have read the original version of the manuscript and am/ are responsible for the thought contents embodied in it. The work dealt in the manuscript is my/ our own, and my/ our individual contribution to this work is significant enough to qualify for authorship.
  •  I/We also agree to the authorship of the article in the following order:

Author’s name                                    

 

1. ________________

2. ________________

3. ________________

4. ________________

 

We  Author(s) tick this box and would request you to consider it as our signature as we agree to the terms of this Copyright Notice, which will apply to this submission if and when it is published by this journal.