widely used ordering policy in the stochastic inventory literature is the (s, S) policy. Optimality of (s, S) policies and (s …, S)-type policies have been investigated for various inventory models, including those with discrete- and continuous …-product settings, and coordinated pricing-inventory decisions. This survey provides a comprehensive review of this highly mature …

We propose the first learning algorithm for single-product, periodic-review, backlogging inventory systems with random … to reach its target inventory levels. If both the demand and capacity distributions were known at the beginning of the …

We develop a continuous time Newsvendor model to determine the optimal inventory level for commodities in an …, compared to a myopic approach (i.e. no hedging), requires significantly lower levels of inventory buffer to mitigate demand …

An (s, S) inventory system with service facilities has been investigated in this study. Demands arrive as a Poisson … process with parameter λ (>0) to an infinite capacity pool at any given time t. When the inventory is greater than the buffer … with the parameter μ. The level of inventory is likewise presumed to be S at first. When the inventory level reaches s as a …

We consider the financial hedging problem of a firm whose operational cash flow from its inventory operation is … exposure to price and demand risks by observing the current inventory and price levels. We explore the problem in a minimum …

the selling season. Given these uncertainties, firms must determine not only how much inventory to stock but also when to … make that inventory available to customers. We ask: What is a firm’s optimal inventory quantity and timing for products … challenging inventory timing decisions, especially when the products they manage exhibit high inventory holding costs and …