In this paper, we propose a single-product, discrete time inventory model for perishable items. Inventory levels are reviewed periodically and units in stock have a maximum lifetime of M periods. It is assumed that the dynamics of the inventory level is driven by a parameter process (reflecting perishability) and demands. By observing the history of the inventory level we obtain the conditional distribution of the perishability parameter by using the change of measure techniques. A special case is also presented.

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conditional distribution perishability parameter dynamics change of measure inventory levels singleproduct discrete time inventory model

Lakhdar Aggoun,Lakdere Benkherouf,Lotfi Tadj,.A stochastic inventory model with perishable and aging items. 12 (1),.

Lakhdar Aggoun,Lakdere Benkherouf,Lotfi Tadj,"A stochastic inventory model with perishable and aging items" 12

Lakhdar Aggoun,Lakdere Benkherouf,Lotfi Tadj,"A stochastic inventory model with perishable and aging items"