demand and lead time. Many studies assume lead time and daily demand are independent. In this study, we relax this assumption … difference between the uncorrelated and correlated cases. We show that considering correlated demand and lead time complicates … correlation between demand and lead time impacts the relationship between total inventory cost, and demand and lead time …

We consider the reorder point, order quantity inventory model where the demand, D, and the lead time, L, are …. However, we show how to resolve the intractability by empirical means, for example, by simulation and regression relationships …, holding cost per unit per unit time, shortage cost per unit, the standard deviation of demand, and the standard deviation of …

We consider the problem of joint inventory and pricing control in a finite-horizon setting with Poisson demand … Dynamic Batch Pricing (DBP), and show that it is asymptotically optimal when the annual expected demand is large. Moreover …

and one rework setup (n, 1) policy is considered for deteriorating items with stock-dependent demand in case 1 and … exponential demand in case 2. An effective iterative solution procedure is developed to achieve optimal time, so that the total …

The demand for perishable food products is often influenced by the selling price and the age of the items. This is … consumer demand. This fact has been used to develop several models for managing perishable inventory. However, most of these … consumable form. Consumer demand at the retail stage is a function of the selling price and the freshness of the processed …