Fixed costs of ordering items or setting up a process arise in many real-life scenarios. In their presence, the most widely used ordering policy in the stochastic inventory literature is the (s, S) policy. Optimality of (s, S) policies and (s, S)-type policies have been investigated for various...

Literature on healthcare supply chain management has shown that the lean system can provide significant benefits.It known that success in lean management doesn't come with employees but through current technology and clinical perfection.The effort of serving society causes hospitals to spend...

We study the value of inventory integration (or pooling) for a firm selling a seasonal good over two periods: in the first period the firm charges a high price, and in the second period the firm charges a low price to clear remaining inventory. Consumers are rational and decide when to visit the...

In this paper we are especially interested how to optimize the production/inventory control for a manufacturer of sweets, under the following circumstances: short production lead times in combination with an intermittent demand pattern for the so-called B-taste items. As for A-taste items a...

This paper considers a three-tier distribution network with one manufacturer, multiple warehouses and multiple retailers. The demand at the retailers is constant and shortages are not allowed. The problem is to determine location of the plant, number and location of warehouses, allocation of...

The book is concerned with the problems of inventory and supply chain decision making with information updating over time. The models considered include inventory decisions with multiple sources and delivery modes, supply-contract design and evaluation, contracts with exercise price,...

This paper considers a production-inventory problem in which the manufacturer participates in an energy buy-back program, which offers him probabilistic opportunities with rewards for not using electricity. That is, the manufacturer will get paid for stopping production to save on electricity....

This paper is concerned with a periodic-review inventory system with three consecutive delivery modes (fast, medium, and slow) and demand forecast updates. At the beginning of each period, the inventory level and demand information are updated and decisions on how much to order using each of the...

This paper revisits the classical papers of Iglehart (Ref. 1) and Veinott and Wagner (Ref. 2) devoted to stochastic inventory problems with the criterion of long-run average cost minimization. We indicate some of the assumptions that are used implicitly without verification in their stationary...