An Inventory Model with Exogenous Failures
Operations Research · 1995 · Volume 43 · Issue 5
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.
Keywords
inventory/production, applications: obsolescent inventory, technological change, inventory/production, perishable/aging items: exogenous versus endogenous aging
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