A decentralized system of competing retailers that order and sell the same product in a sales season is studied. When a customer demand occurs at a stocked-out retailer, that retailer requests a unit to be transshipped from another retailer who charges a transshipment price. If this request is...

A flexible manufacturing system (FMS) is an integrated, computer-controlled complex of automated material handling devices and numerically controlled machine tools that can simultaneously process medium-sized volumes of a variety of part types. FMSs are becoming an attractive substitute for the...

A flexible manufacturing system (FMS) is an integrated system of computer numerically controlled machine tools connected with automated material handling. A set of production planning problems for FMSs has been defined (Stecke [Stecke, Kathryn E. 1983. Formulation and solution of nonlinear...