We propose a new heuristic algorithm to improve the computational efficiency of the general class of Multi-Echelon Technique for Recoverable Item Control (METRIC) problems. The objective of a METRIC-based decision problem is to systematically determine the location and quantity of spares that...

In 2014, Wang et al. (2014) extended the model of Lou and Wang (2012) to incorporate the credit period dependent demand and default risk for deteriorating items with maximum lifetime. However, the rates of demand, default risk and deterioration in the model of Wang et al. (2014) are assumed to...

In this study we present a planning methodology for a firm whose objective is to match the random supply of annual premium fruits and vegetables from a number of contracted farms and the random demand from the retailers during the planning period. The supply uncertainty is due to the uncertainty...