We consider a large scale multi-item periodic-review stochastic inventory system with Minimum Order Quantity (MOQ) requirements on the total order size of all items. The item demands are stochastic and non-stationary. The retailer must decide at each time period whether and how many of each item...

This paper proposes a joint optimization approach for the production decisionmaking and inventory allocation in a fault-prone machine supply chain system, considering production and supply uncertainty as well as the impact of machine failure. A model based on Markov decision theory is presented...

1 Introduction -- I Foundations of Stochastic Inventory Control -- 2 Basic Inventory Management -- 3 Stochastic Inventory Control -- II Essential Stochastic Processes -- 4 Markov Chains -- 5 Numerical Solution of Markov Chains -- 6 Comparing Stochastic Processes -- III Stochastic Inventory...