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IOR
2007
65views more  IOR 2007»
13 years 7 months ago
A Comparison of the Optimal Costs of Two Canonical Inventory Systems
We compare two inventory systems, one in which excess demand is lost and the other in which excess demand is backordered. Both systems are reviewed periodically. They experience t...
Ganesh Janakiraman, Sridhar Seshadri, J. George Sh...
WSC
2008
13 years 10 months ago
Simulation based optimization of multi-location transshipment problem with capacitated transportation
In this study, a single-item two-echelon inventory system where the items can be stored in each of N stocking locations is optimized using simulation. The aim of this study is to ...
Banu Yetkin Ekren, Sunderesh S. Heragu
IOR
2008
128views more  IOR 2008»
13 years 7 months ago
Promised Lead-Time Contracts Under Asymmetric Information
We study the important problem of how a supplier should optimally share the consequences of demand uncertainty (i.e., the cost of inventory excesses and shortages) with a retailer...
Holly Lutze, Özalp Özer
IOR
2006
72views more  IOR 2006»
13 years 7 months ago
Inventory Policies in a Decentralized Assembly System
We consider a system in which a single finished good is assembled from two components. Demand for the finished product is stochastic and stationary, and procurement and assembly l...
Fernando Bernstein, Gregory A. DeCroix