One of my good friends, Joseph Nelson, tried to convince me that inventory shrinkage was mostly a management problem. Based on his experience as a store manager, Joe claimed that the conduct and example of top management were the most important factors in curtailing shoplifting and employee...

Inventory record inaccuracy is a significant problem for retailers using automated inventory management systems. In this paper, we consider an intelligent inventory management tool that accounts for record inaccuracy using a Bayesian belief of the physical inventory level. We assume that excess...