Advances in Decision Sciences

Advances in Decision Sciences / 2003 / Article

Open Access

Volume 7 |Article ID 741517 | https://doi.org/10.1155/S1173912603000208

L. Aggoun, L. Benkherouf, A. Benmerzouga, "Recursive estimation of inventory quality classes using sampling", Advances in Decision Sciences, vol. 7, Article ID 741517, 15 pages, 2003. https://doi.org/10.1155/S1173912603000208

Recursive estimation of inventory quality classes using sampling

Abstract

In this paper we propose a new discrete time discrete state inventory model for perishable items of a single product. Items in stock are assumed to belong to one of a finite number of quality classes that are ordered in such a way that Class 1 contains the best quality and the last class contains the pre-perishable quality. By the end of each epoch, items in each inventory class either stay in the same class or lose quality and move to a lower class. The movement between classes is not observed. Samples are drawn from the inventory and based on the observations of these samples, optimal estimates for the number of items in each quality classes are derived.

Copyright © 2003 Hindawi Publishing Corporation. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.


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