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An Inventory Model with Exogenous Failures

Author

Listed:
  • Israel David

    (Ben-Gurion University of the Negev, Beer Sheva, Israel)

  • Avraham Mehrez

    (Ben-Gurion University of the Negev, Beer Sheva, Israel)

Abstract

This note introduces a model where inventory is repeatedly wiped out due to exogenous failure processes. The difference between this model and perishable inventory models is pinpointed by two sample examples. Relevant applications are also mentioned.

Suggested Citation

  • Israel David & Avraham Mehrez, 1995. "An Inventory Model with Exogenous Failures," Operations Research, INFORMS, vol. 43(5), pages 902-903, October.
    • Handle: RePEc:inm:oropre:v:43:y:1995:i:5:p:902-903
    DOI: 10.1287/opre.43.5.902
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    Citations

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    Cited by:

    1. Opher Baron & Oded Berman & David Perry, 2010. "Continuous review inventory models for perishable items ordered in batches," Mathematical Methods of Operations Research, Springer;Gesellschaft für Operations Research (GOR);Nederlands Genootschap voor Besliskunde (NGB), vol. 72(2), pages 217-247, October.
    2. Pinçe, Çerag & Dekker, Rommert, 2011. "An inventory model for slow moving items subject to obsolescence," European Journal of Operational Research, Elsevier, vol. 213(1), pages 83-95, August.
    3. Song, Yuyue & Lau, Hoong Chuin, 2004. "A periodic-review inventory model with application to the continuous-review obsolescence problem," European Journal of Operational Research, Elsevier, vol. 159(1), pages 110-120, November.
    4. Pinçe, C. & Dekker, R., 2010. "A Continuous Review Inventory Model with Advance Policy Change and Obsolescence," Econometric Institute Research Papers EI 2009-45, Erasmus University Rotterdam, Erasmus School of Economics (ESE), Econometric Institute.
    5. Markus Emsermann & Burton Simon, 2007. "Optimal Control of an Inventory with Simultaneous Obsolescence," Interfaces, INFORMS, vol. 37(5), pages 445-454, October.
    6. Israel David & Eitan Greenshtein & Avraham Mehrez, 1997. "A dynamic‐programming approach to continuous‐review obsolescent inventory problems," Naval Research Logistics (NRL), John Wiley & Sons, vol. 44(8), pages 757-774, December.
    7. Yonit Barron & Opher Baron, 2020. "The residual time approach for (Q, r) model under perishability, general lead times, and lost sales," Mathematical Methods of Operations Research, Springer;Gesellschaft für Operations Research (GOR);Nederlands Genootschap voor Besliskunde (NGB), vol. 92(3), pages 601-648, December.

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