The appropriate production and inventory control policy is a key factor for modern enterprises’ success in competitive environment. In the food industry, most of food manufactur...
: We analyse a single echelon single item inventory system where the demand and the lead time are stochastic. Demand is modelled as a compound Poisson process and the stock is cont...
ic copy available at: http://ssrn.com/abstract=1115410 Inventory Systems with Stochastic Demand and Supply: Properties and Approximations Amanda J. Schmitt Center for Transportatio...
Amanda J. Schmitt, Lawrence V. Snyder, Zuo-Jun Max...
This paper investigates the effects of demand risk on the performance of supply chain in continuous time setting. The inventory level has been modeled as a jump-diffusion process ...
Pharmaceutical expenditures are increasing for hospital systems nationwide. We model the inventory and ordering policies for perishable drugs in the setting of an inpatient hospit...
Ana R. Vila-Parrish, Julie Simmons Ivy, Russell E....