93-G

A. Krishnamoorthy School of Mathematical Sciences, Cochin University of Science and Technology, Kochi, 682022, India

T. V. Varghese Department of Mathematics, St. Joseph's College Devagiri, Calicut, 673008, India

Abstract

We Consider a continuous review (s,S) inventory system in which commodities are damaged due to decay and disaster. Demands for items follow Poisson process and the life times of an item and the times between the disasters exponential. Assuming no shortages and zero lead time, transient and steady state probabilities on inventory levels are derived. Optimization is discussed with numerical illustrations

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^∗Research Partially Supported by National Board for Higher Mathematics, India. Grant No.26/4/93-G

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^∗Research Partially Supported by National Board for Higher Mathematics, India. Grant No.26/4/93-G

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Inventory with disasterFootnote^∗
^∗Research Partially Supported by National Board for Higher Mathematics, India. Grant No.26/4/93-G

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Inventory with disasterFootnote∗∗Research Partially Supported by National Board for Higher Mathematics, India. Grant No.26/4/93-G

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Inventory with disasterFootnote^∗
^∗Research Partially Supported by National Board for Higher Mathematics, India. Grant No.26/4/93-G