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For a system of N-identical-retailers we construct a model for determining warehouse inventory-allocation policies which minimize system lost sales per retailer between system replenishments. An allocation policy is specified by: (a) the number of withdrawals from warehouse stock; (b) the...
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We consider the problem of a newsvendor that is served by multiple suppliers, where any given supplier is defined to be either perfectly reliable or unreliable. By perfectly reliable we mean a supplier that delivers an amount identically equal to the amount desired, as is the case in the most...
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We consider the problem of a newsvendor that is served by multiple suppliers, where any given supplier may be unreliable. By unreliable we simply mean that the marginal amount received from a supplier is no more than, and typically is less than, the marginal amount ordered from the supplier. In...
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