We consider a classic periodic-review perishable inventory system with a fixed product lifetime and zero replenishment lead time under a first-in-first-out issuance policy. Unsatisfied demand can be either lost or backlogged. The objective is to minimize the long-run average holding, penalty and...

We consider an infinite-horizon lost-sales inventory model where the supply takes positive lead times and is a random function of the order quantity (e.g., random yield/capacity). The optimal policy for this model is computationally intractable; and no heuristic has been proposed in the...

This paper considers a stochastic inventory management problem where a capital-constrained firm can obtain additional working capital through an inventory-based financing facility by pledging its inventory to obtain loans from a lender. We show that it is optimal to deploy a state-dependent...