A disaster inventory system is considered in which two substitutable items are stored for disaster management. In the event of disaster management, a particular product may become stock-out and the situation warrants that a demand for the particular product during its stock-out period may be substituted with another available similar product in the inventory. From the utility point of view, continuous review inventory models are quite appro-priate in disaster inventory management. In this paper, a continuous review two substitutable perishable product disaster inventory model is proposed and analyzed. Since the inventory is maintained for disaster management, an adjustable joint reordering policy for replenishment is adopted. There is no lead time and the replenishment is instantaneous. For this model, some measures of system performance are obtained. The stationary behavior of the model is also considered. Numerical examples are also provided to illustrate the results obtained.
The paper describes a single perishing product inventory model in which items deteriorate in two phases and then perish. An independent demand takes place at constant rates for items in both phases. A demand for an item in Phase I not satisfied may be satisfied by an item in Phase II, based on a probability measure. Demand for items in Phase II during stock-out is lost. The reordering policy is an adjustable (S, s) policy with the lead-time following an arbitrary distribution. Identifying the underlying stochastic process as a renewal process, the probability distribution of the inventory level at any arbitrary point in time is obtained. The expressions for the mean stationary rates of lost demand, substituted demand, perished units and scrapped units are also derived. A numerical example is considered to highlight the results obtained.
In this paper a stochastic analysis of the quantization error in a stereo imaging system has been presented. Further the probability density function of the range estimation error and the expected value of the range error magnitude are derived in terms of various design parameters. Further the relative range error is proposed.
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