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Stochastic Inventory System With Different Rates of Production

Stochastic Inventory System With Different Rates of Production

Mohammad Ataullah, Mohammad Ekramol Islam, Md. Sharif Uddin
Copyright: © 2020 |Volume: 11 |Issue: 2 |Pages: 17
ISSN: 1947-9328|EISSN: 1947-9336|EISBN13: 9781799806547|DOI: 10.4018/IJORIS.2020040103
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MLA

Ataullah, Mohammad, et al. "Stochastic Inventory System With Different Rates of Production." IJORIS vol.11, no.2 2020: pp.36-52. http://doi.org/10.4018/IJORIS.2020040103

APA

Ataullah, M., Islam, M. E., & Uddin, M. S. (2020). Stochastic Inventory System With Different Rates of Production. International Journal of Operations Research and Information Systems (IJORIS), 11(2), 36-52. http://doi.org/10.4018/IJORIS.2020040103

Chicago

Ataullah, Mohammad, Mohammad Ekramol Islam, and Md. Sharif Uddin. "Stochastic Inventory System With Different Rates of Production," International Journal of Operations Research and Information Systems (IJORIS) 11, no.2: 36-52. http://doi.org/10.4018/IJORIS.2020040103

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Abstract

This article analyzes a solitary item stochastic inventory model with two distinctive generation rates where a request pursues Poisson distribution and an item has a limited lifetime which is level dependent. It is expected that the framework be on a foreordained level and the framework is changed over to ON mode from OFF mode with a noteworthy exchanging time with exponential parameter α. During the switching time, no interest will be served, the interest during the exchange time is lost. Here, excesses are permitted and during accumulations, the production rate is higher than that of ordinary generation time. Some framework attributes are shown with time variety.