Supply contracts are designed to minimize inventory costs or to hedge against undesirable events (e.g., shortages) in … minimizing an inventory cost function with respect to a constant replenishment rate. Consider a single-product inventory system … inventory carrying costs and lost-sales penalties, where the carrying cost is a linear function of on-hand inventory and a lost …

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 … times. We also show that inventory can substitute for information and vice versa …

In 1958, Stanford University Press published Studies in the Mathematical Theory of Inventory and Production (edited by … tradition, Foundations of Stochastic Inventory Theory has a dual purpose, serving as an advanced textbook designed to prepare … doctoral students to do research on the mathematical foundations of inventory theory and as a reference work for those already …

Inventory models with lost sales and large lead times are notoriously difficult to manage due to the curse of … dimensionality. Recently, Goldberg et al. (2016) and Xin and Goldberg (2016) proved that in the lost-sales inventory model with … paper, we consider the lost-sales inventory model in which the lead time is not only large but also random. Under the …

We consider a periodic-review single-product multi-echelon inventory problem with instantaneous replenishment. In each … inventory is carried to the next period. In contrast to the classic inventory literature, we assume that the information of the …