The study on the effect of warehouse management systems on the performance of private warehouses in Southern Zimbabwe was conducted because private warehouses in Zimbabwe have been incurring high cost which has been affecting their performance. Losses has become major concern at most private...

Extensive studies have revealed that newsvendor decisions by human decision-makers are often biased by cognitive limitations, and, therefore, fail to achieve optimal profits prescribed by normative models. These biases are typically considered liabilities in individual inventory decision-making,...

Startup firms typically are small and by their nature their founders are required to make cross-functional decisions because disciplinary departments—for example, marketing and operations—simply do not exist as separate entities in their firms. Simultaneously considering marketing and...

We develop a dynamic model of inventory investment and trade to examine how firms adjust to changes in international trade costs when facing a risk of stockouts due to demand uncertainty and order lead times for imports. We study two strategies firms may use to avoid stockouts, namely holding...

Background: The classical mathematical formulation of the vendor-managed inventory (VMI) model assumes an infinite planning horizon, and consequently, the solution derived ignored the impact of the first cycle. The classical formulation is associated with another implicit assumption that input...