Inventory management relies on the economic order quantity (EOQ) and newsvendor models. While the newsvendor model has …

The new inventory policy proposed in this research is based on a dynamic order. The newly proposed policy can govern … proposed policy is called a ”dynamic order” it allows the inventory level to reach one of two levels, and the number of …

In this article, we investigate the (R, S) periodic review, order-up-to level inventory control system with stochastic … demand and variable leadtimes. Variable leadtimes can lead to order crossover, in which some orders arrive out of sequence …. Most theoretical studies of order-up-to inventory systems under variable leadtimes assume that crossovers do not occur and …

increases. Also, this is important to know for a retailer that when an order will be placed and when the order will be received …