Kathirvel, Jeganathan - In: Mathematical Economics Letters 2 (2014) 3-4, pp. 22-22
We consider a perishable inventory system with bonus service for certain customers. The maximum inventory level is S. The ordering policy is (0, S) policy and the lead time is zero. The life time of each items is assumed to be exponential. Arrivals of customers follow a Poisson process with...