This research studies the performance of circular unidirectional chaining – a “lean” configuration of lateral inventory sharing among retailers or warehouses – and compares its performance to that of no pooling and complete pooling in terms of expected costs and optimal order quantities....

Companies that maintain capital goods (e.g., airplanes or power plants) often face high costs, both for holding spare parts and due to downtime of their technical systems. These costs can be reduced by pooling common spare parts between multiple companies in the same region, but managers may be...

The paper presents the formulation of a mathematical model using the expected path approach in order to minimise the expected long-run total system cost per cycle of a two-retailer inventory system with preventive lateral transshipment. Each retailer employs base stock periodic review policy....