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WSC
1997
14 years 5 days ago
Evaluation of a (R, s, Q, c) Multi-Item Inventory Replenishment Policy Through Simulation
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...
ANOR
2010
85views more  ANOR 2010»
13 years 11 months ago
Inventory management with partially observed nonstationary demand
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 ...
Erhan Bayraktar, Michael Ludkovski
WSC
2001
14 years 7 days ago
Simulation and analysis of dealers' returns distribution strategy
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...
Hui Zhao
IOR
2011
220views more  IOR 2011»
13 years 5 months ago
Optimal Inventory Policies when Purchase Price and Demand Are Stochastic
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. ...
Peter Berling, Victor Martínez-de-Alb&eacut...