In this paper we consider the problem of developing an acquisition policy. Specifically, given a set of potential (qualified) suppliers, from whom should the firm buy the product, in what quantities, and how often? We provide properties of the optimal solution and relate them to the approach of...

We consider the case of a batch of discrete units produced by a process subject to failures under a known probability distribution function, and apply information theory to the problem of finding the first nonconforming unit in the batch at minimum cost. Two distinct but related aspects of this...

We consider coordination among stocking locations through replenishment strategies that explicitly take into account lateral transshipments, i.e., transfer of a product among locations at the same echelon level. Our basic contribution is the incorporation of supply capacity into the traditional...