Inventory costs are the major costs in production costs, so in order to gain global competitive advantage and to obtain a stable position in the market for one's product, one needs to reduce the inventory in the entire supply chain rather than optimizing at a single location. This study focuses...

Today, one can find that supermarket chains are putting all efforts to control and manage the inventory so that they can decrease cost, improve service quality and increase product availability in order to enhance customer satisfaction. It is relatively easy to control and manage the inventory...