This study investigated the effect of various inventory management factors on firm's efficiency. These factors included Capacity Utilization, Inventory Accuracy, Lean Inventory, and Stock Availability. Data was collected by the use of liker scale questionnaire from 250 individuals from different...

In modern supply chains, customers expect a high level of service, which results in short delivery times and improved service offerings through retailers. The resulting pressure on supply chains requires a precisely coordinated scheduling of successive processes. Even though a multitude of...

In this paper, we study a multi-period stochastic perishable inventory system with multiple demand classes that require products of different ages. The firm orders the product with a positive leadtime and sells it to multiple demand classes, each only accepting products with remaining lifetime...

In this study, we extend the single-period newsvendor problem with stochastic demand into a multi-period and time-dependent one and find a solution for it. We analyze the multi-period newsvendor problem with stochastic demand in a Stackelberg framework where the wholesaler is the leader and the...

In this paper we first show that the gains achievable by integrating pricing and inventory control are usually small for classical demand functions. We then introduce reference price models and demonstrate that for this class of demand functions the benefits of integration with inventory control...

We consider the classic continuous-review N-stage serial inventory system with a homogeneous Poisson demand arrival process at the most downstream stage (Stage 1). Any shipment to each stage, regardless of its size, incurs a positive fixed setup cost and takes a positive constant leadtime. The...

The paper considers a production/distribution system that involves one vendor and multiple buyers. The buyers belong to an entity that is operationally more cost efficient than the vendor. We study two settings that have been widely applied in practice: vendor-managed inventory (VMI) and...

In this paper we first show that the gains achievable by integrating pricing and inventory control are usually small for classical demand functions. We then introduce reference price models and demonstrate that for this class of demand functions the benefits of integration with inventory control...