In many practical problems inventory managers are confronted with aggregate constraints that result typically from limitations in workspace, workforce, investment or from targeted service levels. In this paper we discuss some multi-product inventory problems with independent items under one or...

Based on a stakeholder perspective in this article results of an in-depth exploratory case study are presented. In our study we focus on how the established relationships among stakeholders within the Production-Sales interface may influence the process of (re)designing an Inventory Management...

To construct an accurate probability density function for lead time demand in inventory management models, a mixture of polynomials (MOPs) distributions is estimated using B-spline functions from empirical data on demand per unit time. This is accomplished by summarizing the empirical...

This paper reconsiders the lost-sales inventory system studied by Hill (2007). The commonly assumed policy to apply to the system is a pure base-stock policy (PBSP) for which the best base stock is easily found. Hill shows that his simple delay policy (SDP) and full delay policy (FDP) perform...

We consider a continuous-review inventory model for a firm that faces deterministic demand but whose supplier experiences random supply disruptions. The supplier experiences “wet” and “dry” (operational and disrupted) periods whose durations are exponentially distributed. The firm...