Optimal Inventory Control Policy for Periodic-Review Inventory Systems with Inventory-Level-Dependent Demand
Optimal Inventory Control Policy for Periodic-Review Inventory Systems with Inventory-Level-Dependent Demand

Author: Youhua Chen

Publisher:

Published: 2013

Total Pages:

ISBN-13:

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We consider a setting in which inventory plays both promotional and service roles; that is, higher inventories not only improve service levels but also stimulate demand by serving as a promotional tool (e.g., as the result of advertising effect by the enhanced product visibility). Specifically, we study the periodic-review inventory systems in which the demand in each period is uncertain but increases with the inventory level. We investigate the multiperiod model with normal and expediting orders in each period, that is, any shortage will be met through emergency replenishment. Such a model takes the lost sales model as a special case. For the cases without and with fixed order costs, the optimal inventory replenishment policy is shown to be of the base-stock type and of the (s, S) type, respectively.

Continuous-Review Policies for a Multi-Echelon Inventory Problem With Stochastic Demand (Classic Reprint)
Continuous-Review Policies for a Multi-Echelon Inventory Problem With Stochastic Demand (Classic Reprint)

Author: Marc de Bodt

Publisher:

Published: 2015-08-05

Total Pages: 58

ISBN-13: 9781332256280

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Excerpt from Continuous-Review Policies for a Multi-Echelon Inventory Problem With Stochastic Demand Continuous-Review Policies for a Multi-Echelon Inventory Problem With Stochastic Demand was written by Marc de Bodt and Stephen C. Graves in 1982. This is a 58 page book, containing 5607 words and 5 pictures. Search Inside is enabled for this title. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

Periodic Review Inventory Systems
Periodic Review Inventory Systems

Author: Thomas Wensing

Publisher: Springer

Published: 2011-06-26

Total Pages: 151

ISBN-13: 9783642204784

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The focus of the work is twofold. First, it provides an introduction into fundamental structural and behavioral aspects of periodic review inventory systems. Second, it includes a comprehensive study on analytical and optimization aspects of a specific class of those systems. For the latter purpose, general solution methods for problems of inventory management in discrete time are described and developed along with highly specialized methods to solve very specific problems related to the model variants examined. The work is thus addressed to students and practitioners who seek a deeper understanding of managing inventories in discrete time as well as to software developers who require implementation aids on specific problems of inventory management.

Continuous-Review Policies for a Multi-Echelon Inventory Problem with Stochastic Demand
Continuous-Review Policies for a Multi-Echelon Inventory Problem with Stochastic Demand

Author: Marc De Bodt

Publisher: Palala Press

Published: 2018-03

Total Pages: 60

ISBN-13: 9781378920930

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This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work. This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.

Optimal Inventory Control and Management Techniques
Optimal Inventory Control and Management Techniques

Author: Mandeep Mittal

Publisher: Business Science Reference

Published: 2016

Total Pages: 0

ISBN-13: 9781466698888

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"This book explores emergent research in stock management and product control within organizations, featuring diverse perspectives on the implementation of various optimization techniques, genetic algorithms, and datamining concepts, as well as research on big data applications for inventory management"--

Inventory Management Demystified
Inventory Management Demystified

Author: A.D. Dear

Publisher: Springer Science & Business Media

Published: 1990-02-28

Total Pages: 108

ISBN-13: 9780412377006

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Despite the widespread use of computer based inventory control systems, most companies are aware that they often cannot meet their customer demand, while still suspecting that their stock levels are higher than they should be.

Periodic-Review Inventory Model with Three Consecutive Delivery Modes and Forecast Updates
Periodic-Review Inventory Model with Three Consecutive Delivery Modes and Forecast Updates

Author: Qi Feng

Publisher:

Published: 2014

Total Pages: 0

ISBN-13:

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This paper is concerned with a periodic-review inventory system with three consecutive delivery modes (fast, medium, and slow) and demand forecast updates. At the beginning of each period, the inventory level and demand information are updated and decisions on how much to order using each of the three delivery modes are made. It is shown that there is a base-stock policy for fast and medium modes which is optimal. Furthermore, the optimal policy for the slow mode may not be a base-stock policy in general.