In this paper, we present a simulation optimization algorithm for solving the two-echelon constrained inventory problem. The goal is to determine the optimal setting of stocking levels to minimize the total inventory investment costs while satisfying the expected response time targets for each...

In this paper, we address the optimal configuration of a capacitated production/inventory system with multiple products. The optimisation problem that we consider involves minimisation of the expected total inventory cost within the system subject to a service-level constraint. The functional...

We study large-scale service systems with multiple customer classes and many statistically identical servers. The following question is addressed: How many servers are required (staffing) and how does one match them with customers (control) to minimize staffing cost, subject to class-level...

This paper deals with a one-product production/inventory model, where the production rate can be dynamically adjusted in order to cope with random fluctuations in demand. The inventory level is controlled by using one of two possible production rates where under each production rate the...