We show the existence ofaverage cost (AC-) optimal policy for an inventory system withuncountable state space; in fact, the AC-optimal cost and an AC-optimal stationary policy areexplicitly computed. In order to do this, we use a variant of thevanishing discount factor approach, which have been...

Multiple depot inventory systems with stock transfer are used by many companies especially when demand is high relative to storage capacity. The key issues in such systems are how many of each item to hold at each depot and what to do if there is a demand for an item at a depot that has none of...

Cultural heritage information, stored increasingly in a digital form in cultural institutions such as museums, archives, and specialized libraries is being used for several applications and by several actors, from public policy, tourism, app developers and software companies, schools and the...

"Inventory Analytics provides a comprehensive and accessible introduction to the theory and practice of inventory control - a significant research area central to supply chain planning. The book outlines the foundations of inventory systems and surveys prescriptive analytics models for...