We consider a periodic review single‐item inventory model under stochastic demand. Every m periods, in the regular order period, fixed order costs are K. In the periods in‐between, the intraperiods, higher fixed order costs of LK$L>K$ apply. The literature on optimal inventory policies under...

Information design in on-demand service platforms matters in applications such as taxi services, ride-hailing platforms, and freight exchanges. Displayed service delay information significantly affects platform revenues, leading users to balk or renege. Information design is crucial for...

Commodity price risk management has been subject to various stochastic modeling approaches. Recently, data-driven policies focusing on decision rather than prediction quality are developed to overcome price model misspecifications. Yet, in the context of data-driven commodity purchasing, the...

Problem definition: Operators of vehicle sharing systems such as carsharing or ride-hailing might benefit from integrating autonomous vehicles into their fleet. Here, the impact of optimal fleet size and composition on an operator's profitability is not trivial due to the tradeoff between...

The placement and sizing of safety stocks in supply chains pose a challenging optimization problem. State-of-the-art multi-echelon inventory optimization models, such as the guaranteed-service approach, are non-linear and depend on statistical, time-series-based approaches that require...