We study a single-product single-location inventory system under periodic review, where excess demand is lost and the …

optimal inventory-trading policy of a risk-neutral merchant is characterized by two stage and spot-price dependent basestock … targets. Under some assumptions, these targets are monotone in the spot price and partition the available inventory and spot … prices in general depends on the merchant's inventory availability. This is a consequence of the interplay between the …

firms make three decisions: capacity investment, production (inventory) quantity, and price. Typically, investments are made … and production (inventory) decisions relatively insensitive to uncertainty. This suggests that managers can make optimal … investment decision of the firm and its value. In contrast to production postponement, price postponement makes the investment …

production-inventory model is developed that considers the procurement cost per unit as a function of the production rate. To … in order to better understand the proposed production-inventory model. The results of a sensitivity analysis are also … explored. An analytical method is employed to achieve optimal production rate, production lot size, backlogging and the …

(T2) algorithm for the CLSP with non-increasing setup cost, general holding cost, non-increasing production cost and non …

production or procurement plan is generated in many of the industrial or business situations. In the context of supply chain/production/inventory … relevant review of supply chain/procurement/production planning related literature, it has been observed that the existing work … analysis is always a single item production/procurement situation. Therefore, this situation has been discussed analytically …

cyclic production system. Setup time variance was demonstrated to play a central role because of the paradoxes it produced …In the early 1990s, research began to show that the Japanese production theory, which espouses reduction of machine … setup time as a sure way to improve production performance, may be limited. Specifically, it was found that reduction in …