We consider the production/inventory control for a recoverable system with stochastic demand and returns where stock is replenished by manufacturing new items or remanufacturing returned items. The optimal control policy found by solving a Markov decision process (MDP) for a given problem...

We consider a single-product periodic-review inventory system for a retailer who has adopted a dual sourcing strategy to cope with potential supply process interruptions. Orders are placed to a perfectly reliable supplier and/or to a less reliable supplier that offers a better price. The success...