In this paper, we present a simulation optimization algorithm for solving the two-echelon constrained inventory problem …. The goal is to determine the optimal setting of stocking levels to minimize the total inventory investment costs while … optimization algorithms, and can be applied to any multi-item multi-echelon inventory system, where the cost structure and service …

perishable and non-perishable inventory. A very general class of demand functions is studied in this paper. We derive the optimal … sales are unobservable, with perishable inventory the optimal stocking factor is always at least as large as the one given … by the single-period model; whereas, if inventory is non-perishable, this result holds only under a strong condition …

We investigate the situation where a customer experiencing an inventory stockout at a retailer potentially leaves the … firm's market. In classical inventory theory, a unit stockout penalty cost has been used as a surrogate to mimic the … new consumers to the committed market and the setting of inventory levels. We establish conditions under which the firm …

levels and inventory targets. The purpose of this research is to examine factors that influence supply chain agility and … identify a cost-effective plan for achieving it. The first phase addresses the problem of identifying target inventory and … customer service levels based on regression analysis of historical data and financial analysis of inventory holding costs and …

We study inventory systems operating under an infinite-horizon, periodic-review base-stock control policy with … steady state probability of each inventory level and use this to find the optimal base-stock level in this setting. Moreover … distribution. Finally, for a two-location inventory system consisting of a single retailer supplied by a single distributor, whose …

We analyze an infinite horizon, single product, periodic review model in which pricing and production/inventory … general demand functions. In such a policy, the period inventory is managed based on the classical (s,S) policy and price is … determined based on the inventory position at the beginning of each period. …