This chapter focuses on online retail inventory management. Inventory management is a key driver of success in online retailing. The ability to quickly fulfil a vast number of diverse orders determines customer satisfaction and allows retailers to carve out a niche in this competitive field....

Retail is one of the major application domains of inventory management. In this chapter, we review different problems in retail inventory management, summarize the required data and performance indicators and then give an overview of strategic, tactical and operational decision support. In...

This chapter is devoted to spare parts inventory models for advanced capital goods. These capital goods are essential for the primary processes of their users. These users therefore generally require high system availability, implying low fractions of time that a system is down because of a lack...

Effective management of inventory for healthcare products is essential for the delivery of high-quality care to patients. This chapter provides a brief discussion of how inventory management theory and concepts can be applied to the healthcare sector by considering the unique opportunities and...

Behavioral inventory-management research leverages ideas and methodologies commonly used in behavioral economics and psychology to advance our understanding of the role of human behavior in inventory management. In this chapter, we first review some of the early papers in this area organized by...

We review the recent developments in dynamic inventory models with financial flow considerations. The focus is on the literature that introduces cash flow dynamics into the classic inventory models that do not explicitly consider the interactions between physical (or material) and financial...

A key for efficient inventory management is the understanding of future customer demand. However, in real world applications that information may not be available. In this chapter, we discuss solving inventory control problems using online learning when little or limited prior demand information...

We survey the recent development on inventory control problems through the lens of statistical learning. This survey chapter consists of two parts. In the first part, we survey on research works on the single period setting, which is also known as the newsvendor model. We first showcase the...

This chapter reviews recent developments in analyzing single product dynamic models of joint inventory and pricing decisions. Recent literature has significantly generalized the basic model of Federgruen and Heching (1999) on both demand and supply dimensions. In our review, we put a particular...

Over the past two decades, the foundational theory of inventory management has evolved to capture several complexities inherent in global supply chain operations. The impact of technology, firm-level collaborative practices, and more recently the explosion of data has added several dimensions to...