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This paper examines static and dynamic policies for replenishing and allocating inventories amongst N retailers located along a fixed delivery route. Each retailer faces independent, normally-distributed period demand and incurs a proportional holding or backorder cost on end-of-period...
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We examine a single-item, periodic-review inventory system with stochastic leadtimes, in which a replenishment order is delivered immediately or one period later, depending probabilistically on costly effort. The objective is to determine a joint inventory policy and effort-choice strategy that...
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This paper examines the impact of group purchasing organizations (GPOs) on healthcare-product supply chains. The supply chain we study consists of a profit-maximizing manufacturer with a quantity-discount schedule that is nonincreasing in quantity and ensures nondecreasing revenue, a...
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