Food product contamination has potentially devastating effects on companies and supply chains. However, the impact of contamination has still not been thoroughly studied from a supply chain planning perspective. This paper models a contamination event in a generic food supply chain consisting of...

Purpose – This paper aims to characterize some of the operational benefits of item‐level radio‐frequency identification (RFID) in a retail environment. Design/methodology/approach – The paper examines a retail store operation with backroom and shelf stock under the assumption of multiple...

Investments in operating assets with identical expected discounted return and identical risk characteristics (i.e., variances and higher moments) when measured at the outset may have significantly different patterns of uncertainty resolution over their lives. The concept of uncertainty...

This paper considers the theory and application of an alternative measure of stock-out cost in inventory control. Instead of recording the number of units of a product which are backordered, in certain situations it is appropriate to focus on the number or percentage of customer line items...

We consider the problem of managing two assets, cash and an earning asset, when net cash flows are stochastic and when there are transfer costs for transferring assets from one form to the other. Previous work on the stochastic cash-balance problem has assumed holding costs for holding excess...