Companies using just‐in‐time principles are currently moving from centralized to decentralized storage areas. A question that needs to be addressed is whether this move is cost efficient. Presents a costing model which can be used to determine if further consideration should be given to...

We study inventory systems operating under an infinite-horizon, periodic-review base-stock control policy with stochastic demand and imperfect (i.e., less than 100% reliable) supply. We model demand using a general discrete distribution and replenishment lead time using a geometric distribution,...