true for customer demand. As a result, stationary demand distributions are crude approximations of true customer behavior … comprehensive treatment of inventory models with Markov-modulated demand. The distribution of demand in these models depends on the …. Examples are products with cyclical and seasonal demands, products with distinct life-cycles or products whose demand …

in each period based on the observed demand signal in that period. Moreover, the vendor is committed to a specific … with the possibility of supplementing it based on a demand signal observed at the second stage. The problem is to maximize … his expected profit subject to a constraint on his overall service performance across all possible values of the demand …

We study a two-stage purchase contract with a demand forecast update. The purchase contract provides the buyer an … opportunity to adjust an initial commitment based on an updated demand forecast obtained at a later stage. An adjustment, if any … of demand distributions. We also discuss how these results can be applied to gain managerial insights that help in making …

This article analyzes a discrete time lost sales inventory system with partially observed demand and unobserved … shrinkages which happen both before and after the demand realization. When the demand exceeds the remaining inventory, the unmet … demand is lost and unobserved. This problem in general has a nonlinear state evolution, and we use unmoralized probability to …

Markov-modulated processes have been used in stochastic inventory models with setup costs for modeling demand under the … have been carried out in the literature only under the assumption that unsatisfied demand is fully backlogged. The lost … Markovian demand model with backlogging to analyze the lost sales case; in particular, we establish the optimality of an (s, S …

-sloping demand curve subject to uncertainty. Differentiated from the existing literature,this work focuses on analytically examining … how the uncertainty level embedded in market demand affects the applicability of buyback contracts in supply chain … management. To this end, we seek to characterize the buyback model in terms of only the demand uncertainty level (DUL). With this …

This paper considers the case of partially observed demand in the context of a multi-period inventory problem with lost … sales. Demand in a period is observed if it is less than the inventory level in that period and the leftover inventory is …. These observations are used to update the demand distributions over time. The state of the resulting dynamic program …

placed only at the beginning of a period, and (3) the EOQ model assumes stationary demand over an infinite horizon, whereas … we assume stationary demand in the initial few periods and allow it to be time varying in the subsequent periods. It is … assumed that the demand in a period occurs continuously at a constant rate and must be filled immediately; it means, shortages …