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Effective utilization of idle time in an ( s , S ) inventory with positive service tim

Author

Listed:
  • A. Krishnamoorthy
  • T. G. Deepak
  • Viswanath C. Narayanan
  • K. Vineetha

Abstract

We deviate from the Berman et al. models in inventory with positive service time. We establish a necessary and sufficient condition for system stability. Several performance measures are computed. An optimisation problem is discussed. Our analysis suggests that it is optimal to place the replenishment order when the inventory level is positive (even in the zero lead time case). Numerical illustrations are provided.

Suggested Citation

  • A. Krishnamoorthy & T. G. Deepak & Viswanath C. Narayanan & K. Vineetha, 2006. "Effective utilization of idle time in an ( s , S ) inventory with positive service tim," International Journal of Stochastic Analysis, Hindawi, vol. 2006, pages 1-13, September.
    • Handle: RePEc:hin:jnijsa:069068
    DOI: 10.1155/JAMSA/2006/69068
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    Cited by:

    1. A. Krishnamoorthy & Dhanya Shajin & B. Lakshmy, 2016. "GI/M/1 type queueing-inventory systems with postponed work, reservation, cancellation and common life time," Indian Journal of Pure and Applied Mathematics, Springer, vol. 47(2), pages 357-388, June.
    2. A. Krishnamoorthy & R. Manikandan & B. Lakshmy, 2015. "A revisit to queueing-inventory system with positive service time," Annals of Operations Research, Springer, vol. 233(1), pages 221-236, October.

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