We analyze a periodic review stochastic inventory model with T periods and I items. At the beginning of each period, the inventory position of each item can be adjusted by placing an order or by salvaging some of the inventory. There is a limited capacity for the total inventory held at the end...

Auto-delivery is a subscription model widely employed in supply chains, whereby a supplier delivers products to a buyer (or multiple buyers) according to the buyer's choice of a constant shipping quantity to be delivered at prescheduled dates. The buyer enjoys a discount for the auto-delivery...

Revealing inventory scarcity messages to customers to trigger scarcity effect is an important and widely adopted way to promote sales in online platforms. Under such circumstances, the demand is affected by both price and scarcity messages. In this article, we study the joint dynamic pricing and...

We provide the first approximation algorithm for dynamic newsvendor networks with stochastic demand and backlogging. Specifically, under a mild cost condition we prove the cost of a base-stock policy is less than 1.618 times the cost of an optimal policy. This answers an open question of Van...

Spare parts inventory management represents a challenge for aircraft companies. Determining the optimal allocation and consumption of spare parts is problematic due to the intermittent demand. Original equipment manufacturer (OEM) uses different models to evaluate inventory stock level to avoid...

An optimum supply value and the maximum expected profit are hardly affected by the type of demand distribution. The difference between quantities is at most one-tenth of the demand standard deviation in presented numerical examinations for the typical range of margin to discount ratio values. We...

We present an inventory management solution for a non-stationary capacitated multi-echelon distribution network involving thousands of products. Assuming backlogged sales, we revisit and leverage the seminal multi-echelon inventory management results in the literature to establish the structural...

Transshipment is one of the most effective policies to reduce the mismatch between supply and demand. Consumers show distinguished behaviors when facing stockout: some may accept transshipped items, some may search in another store by themselves, and others may give up buying. We define the...