We consider a single-item, periodic-review inventory control problem in which discrete stochastic demand must be satisfied. When shortages occur, the unmet demand must be filled by some form of expediting; we allow a very general form for the cost structure of expediting. We explicitly consider...

This paper demonstrates optimal policies for capacitated serial multiechelon production/inventory systems. Extending the Clark and Scarf (1960) model to include installations with production capacity limits, we demonstrate that a modified echelon base-stock policy is optimal in a two-stage...

For serial multi-echelon systems subject to production capacity limits at every stage, we consider a class of modified echelon base stock (MEBS) policies. To evaluate information requirements of such systems, we consider two separate inventory management mechanisms operated in a decentralized...

Startup firms typically are small and by their nature their founders are required to make cross-functional decisions because disciplinary departments—for example, marketing and operations—simply do not exist as separate entities in their firms. Simultaneously considering marketing and...