Agents attempt to maximize expected profits earned by selling multiple units of a perishable product where their revenue streams are affected by the prices they quote as well as the distribution of other prices quoted in the market by other agents. We propose a model which captures this...

Platelets are critical blood products. The management of platelet inventory is particularly challenging due to its perishable nature with a short shelf-life. Motivated by a platelet inventory management problem at a two-location hospital system, we study how the wastage of platelets, and more...

We present an inventory management solution for a non-stationary capacitated multi-echelon distribution network involving thousands of products. Assuming backlogged sales, we revisit and leverage the seminal multi-echelon inventory management results in the literature to establish the structural...

Background: Stocks of raw materials and finished products are found in all units of logistics systems and require significant financial means of management. For this reason, scientifically justified approaches to stock management and cost minimisation must be explored. Despite the existence of...

The inventory routing problem arises when inventory management and vehicle routing decisions are integrated instead of treated as separate problems. The technique of combining such decisions could lead to solutions that are better than merging the optimal solutions of the smaller subproblems....