Showing 1 - 10 of 143
, cultural and demographic differences and variations in store format. Accounting for these variations appropriately in inventory … store demands leads to a higher expected profit, for a given inventory and total mean demand. If more than one inventory …-optimizing store inventory policies in midseason. In this paper, we formulate a dynamic stochastic optimization model that determines …
Persistent link: https://www.econbiz.de/10010871106
The aim of this paper is to analyse the operational response of a Synchronised Supply Chain (SSC). To do so, first a new mathematical model of a SSC is presented. An exhaustive Latin Square design of experiments is adopted in order to perform a boundary variation analysis of the main three...
Persistent link: https://www.econbiz.de/10010597625
In this paper, we present a simulation optimization algorithm for solving the two-echelon constrained inventory problem …. The goal is to determine the optimal setting of stocking levels to minimize the total inventory investment costs while … optimization algorithms, and can be applied to any multi-item multi-echelon inventory system, where the cost structure and service …
Persistent link: https://www.econbiz.de/10010666130
, and to other stochastic inventory problems are indicated. …
Persistent link: https://www.econbiz.de/10011097715
Quality of decisions in inventory management models depends on the accuracy of parameter estimates used for decision … better implementation of the model. Though the newsvendor model is one of the most researched inventory models, little is …
Persistent link: https://www.econbiz.de/10011097787
costs, repair costs of the new components, inventory holding costs and downtime costs. We perform exact analysis and provide …
Persistent link: https://www.econbiz.de/10011264303
We develop a model for a one-time special purchasing opportunity where there is uncertainty with respect to the materialization of the discounted purchasing offer. Our model captures the phenomenon of an anticipated future event that may or may not lead to a discounted offer. We analyze the...
Persistent link: https://www.econbiz.de/10011264323
inventory hedging under three hierarchies. We derive an easy-to-implement coordination contract and a simple policy structure … balanced adaptiveness, resilience and intertemporal imperatives. It outperforms the conventional inventory hedging and lean … management by reducing premature inventory holding in good times, and timely ramping up safety stock ahead of looming disruptions …
Persistent link: https://www.econbiz.de/10011264335
We test the lower bound for a static remanufacturing system with returns proposed by Feng and Viswanathan (2014) against two heuristics proposed by Choi et al. (2007) and Schulz and Voigt (2014). A numerical study with 81,000 instances concludes that the lower bound always holds for the Choi...
Persistent link: https://www.econbiz.de/10011077619
We propose a constraint programming approach for the optimization of inventory routing in the liquefied natural gas …
Persistent link: https://www.econbiz.de/10011117485