Encouraging interest in inventory management necessitates that instructors overcome concerns that the subject is too abstract or conceptual. To aid in this process, we describe a competition engaging students in concepts, including demand estimation, demand uncertainty, and costs of inventory...

Motivated by a problem facing a large retailer, we consider the impact of pack size on the performance of a periodic review inventory system in the presence of spatial (i.e., between retailers) correlation of demand—which we model using an equicorrelated multivariate Poisson distribution....

In this article, we investigate the (R, S) periodic review, order-up-to level inventory control system with stochastic demand and variable leadtimes. Variable leadtimes can lead to order crossover, in which some orders arrive out of sequence. Most theoretical studies of order-up-to inventory...

The study identifies major factors that contrast gift decisions for different status signature clothes. Gift buying represents a significant proportion of purchases in many product classes and is a pervasive retail consumption pattern. Specialty clothing retail sales surpassed the $9 billion...

Some Modelling Theoretic Remarks on Multi-Stage Production Planning -- Inventory — Production and Distribution Systems -- Two-Stage Production Planning in a Dynamic Environment -- Overview of a Stock Allocation Model for a Two-Echelon Push System Having Identical Units at the Lower Echelon --...

Because of the booming economy, interest in China has soared in recent years. The government has decided to privatize many state-owned enterprises (SOEs), so foreigners can much more easily invest in existing firms than ever before. Is it wise to consider investing in these SOEs? Certainly, many...

Food Loss and Waste (FLW) is a major problem for humanity, with a third of all food grown for human consumption being wasted. While FLW happens at every stage of the food supply chain, in developed economies, 40% of the wastage happens in households (FAO 2011). The extant literature identifies...

Omnichannel retailing and digitalization result in considerable challenges for the management and optimization of retail operations. The continued demand of quantitative insights, their practical need, and the growing availability of data motivates an increasing number of scientists and...