In this paper we compare three methods for the determination of the reorder point s in an (R; s; Q) inventory model subject to a service level constraint. The three methods di er in the modelling assumptions of the demand process which in turn leads to three di erent approximations for the...

In this paper we present an approximation method to compute the reorder point s in a (R; s; Q) inventory model with a service level restriction, where demand is modelled as a compound Bernoulli process, that is, with a xed probability there is positive demand during a time unit, otherwise demand...

In this paper we consider an inventory system with two suppliers.A supply agreement is made with one of the suppliers, to deliver a xed quantity Q every review period.The replenishment decisions for the other supplier are governed by a (R; S) replenishment policy; that is, when the inventory...

This dissertation addresses the management of inventory systems. The thesis starts with an exposition on mathematical models that can be used in inventory theory. Then we deal with some information issues related to the demand process. Namely, how to control products that have intermittent...

This paper considers the investment decision of a firm where it has to decide about the timing and capacity. We obtain that in a fast growing market, right after investment the firm produces below capacity, where the utilization rate (the proportion of capacity that is used for production right...

In this paper we estimate a New-Keynesian DSGE model with heterogeneity in price and wage setting behavior. In a recent study, Coibion and Gorodnichenko (2011) develop a DSGE model, in which firms follow four different types of price setting schemes: sticky prices, sticky information, rule of...