TWO-COMMODITY PERISHABLE INVENTORY SYSTEM WITH BULK DEMAND FOR ONE COMMODITY

Authors

  • V.S.S. Yadavalli Department of Industrial & Systems Engineering, University of Pretoria
  • O. Adetunji Department of Industrial & Systems Engineering, University of Pretoria
  • B. Sivakumar Department of Applied Mathematics and Statistics, Madurai Kamaraj University
  • G. Arivarignan Department of Applied Mathematics and Statistics, Madurai Kamaraj University

DOI:

https://doi.org/10.7166/21-1-73

Abstract

ENGLISH ABSTRACT: This article considers a two-commodity continuous review inventory system in which the arriving customers belong to any one of three types, such that type 1 customers demand a single item of the first commodity, type 2 customers demand bulk items of the second commodity, and type 3 customers demand one item of the first commodity and bulk items of the second commodity. The arrivals of all three types of customers are assumed to be a Markovian arrival process (MAP). It is also assumed that the number of items demanded for the second commodity is a random variable. The ordering policy is to place orders for both commodities when the inventory levels are below prefixed levels for both commodities. The lead time is assumed to have a phase type distribution, and the demands that occur during stock out period are assumed to be lost. The joint probability distribution for both commodities is obtained in the steady state case. Various measures of system performance and the total expected cost rate in the steady state are derived. The results are illustrated with numerical examples.

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Published

2011-11-05

How to Cite

Yadavalli, V., Adetunji, O., Sivakumar, B., & Arivarignan, G. (2011). TWO-COMMODITY PERISHABLE INVENTORY SYSTEM WITH BULK DEMAND FOR ONE COMMODITY. The South African Journal of Industrial Engineering, 21(1). https://doi.org/10.7166/21-1-73

Issue

Vol. 21 No. 1 (2010)

Section

General Articles

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