Markovian Demands on Two Commodity Inventory System with Queue-Dependent Services and an Optional Retrial Facility

The use of a Markovian inventory system is a critical part of inventory management. The purpose of this study is to examine the demand for two commodities in a Markovian inventory system, one of which is designated as a major item (Commodity-I) and the other as a complimentary item (Commodity-II). D...

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Bibliographic Details
Main Authors: K. Jeganathan, M. Abdul Reiyas, S. Selvakumar, N. Anbazhagan, S. Amutha, Gyanendra Prasad Joshi, Duckjoong Jeon, Changho Seo
Format: Article
Language:English
Published: MDPI AG 2022-06-01
Series:Mathematics
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Online Access:https://www.mdpi.com/2227-7390/10/12/2046
Description
Summary:The use of a Markovian inventory system is a critical part of inventory management. The purpose of this study is to examine the demand for two commodities in a Markovian inventory system, one of which is designated as a major item (Commodity-I) and the other as a complimentary item (Commodity-II). Demand arrives according to a Poisson process, and service time is exponential at a queue-dependent rate. We investigate a strategy of <inline-formula><math xmlns="http://www.w3.org/1998/Math/MathML" display="inline"><semantics><mrow><mo>(</mo><mi>s</mi><mo>,</mo><mi>Q</mi><mo>)</mo></mrow></semantics></math></inline-formula> type control for commodity-I with a random lead time but instantaneous replenishment for commodity-II. If the waiting hall reaches its maximum capacity of <i>N</i>, any arriving primary client may enter an infinite capacity orbit with a specified ratio. For orbiting consumers, the classical retrial policy is used. In a steady-state setting, the joint probability distributions for commodities and the number of demands in the queue and the orbit, are derived. From this, we derive a waiting time analysis and a variety of system performance metrics in the steady-state. Additionally, the physical properties of various performance measures are evaluated using various numerical assumptions associated with diverse stochastic behaviours.
ISSN:2227-7390