Information delays exist in an inventory system when it takes time to collect, process, validate, and transmit inventory/demand data. A general framework is developed in this paper to describe information flows in an inventory system with information delays. We characterize the suffcient...

Uncertainties involved in decision making often impose challenges to our ability of modeling and analyzing the reality. The purpose of this paper is to demonstrate how one can go beyond the conventional optimization thinking, via taking a stochastic viewpoint, to push the boundaries of the...