TWO COMMODITY COORDINATED INVENTORY SYSTEM WITH MARKOVIAN DEMAND
V. S. S. YADAVALLI
This paper considers a two commodity continuous review inventory system. The demand points for each commodity are assumed to form Poisson processes. It is further assumed that the demand for the first commodity require the one unit of second commodity in addition to the first commodity with probability p1. Similarly, the demand for the second commodity require the one unit of first commodity in addition to the second commodity with probability p2. This assumption model the situation in which a buyer who intends to buy one particular commodity may also go for another commodity. The limiting probability distribution for the joint inventory levels is computed. Various operational characteristics, expression for the long run total expected cost rate is derived. The results are illustrated with numerical examples.
In order to set up a list of libraries that you have access to,
you must first login
or sign up.
Then set up a personal list of libraries from your profile page by
clicking on your user name at the top right of any screen.