which do not reflect most real life inventory systems. This paper proposes an inventory system where the items ordered are … capable of growing during the course of the inventory replenishment cycle, for example livestock. Furthermore, it is assumed … determine the optimal inventory policy, a model, which aims to maximize the expected total profit, is developed and numerical …

these policies involve dynamic batching. This finding is interesting because our model does not include any setup times, and … setup times normally imply batching; rather it is the uncertain service times and the requirement for simultaneous service … in the conference step that make batching optimal. The optimal dynamic batching policy is complex, so we consider a …