In this paper, the case of a cardboard box marketing firm is studied and a (R,s,Q,c) inventory replenishment policy is proposed and evaluated by means of discrete event simulation...
Carlos B. Ramirez Cerda, Armando J. Espinosa de lo...
Abstract. We consider a continuous-time model for inventory management with Markov modulated non-stationary demands. We introduce active learning by assuming that the state of the ...
Due to high demand uncertainty, excess inventory has been a key issue in inventory control. Caterpillar developed the dealers' parts inventory sharing (DPIS) and returns prog...
In this paper we consider the problem of a firm that faces a stochastic (Poisson) demand and must replenish from a market in which prices fluctuate, such as a commodity market. ...