Encouraging interest in inventory management necessitates that instructors overcome concerns that the subject is too abstract or conceptual. To aid in this process, we describe a competition engaging students in concepts, including demand estimation, demand uncertainty, and costs of inventory...

Motivated by a problem facing a large retailer, we consider the impact of pack size on the performance of a periodic review inventory system in the presence of spatial (i.e., between retailers) correlation of demand—which we model using an equicorrelated multivariate Poisson distribution....

In this article, we investigate the (R, S) periodic review, order-up-to level inventory control system with stochastic demand and variable leadtimes. Variable leadtimes can lead to order crossover, in which some orders arrive out of sequence. Most theoretical studies of order-up-to inventory...

The study identifies major factors that contrast gift decisions for different status signature clothes. Gift buying represents a significant proportion of purchases in many product classes and is a pervasive retail consumption pattern. Specialty clothing retail sales surpassed the $9 billion...

Some Modelling Theoretic Remarks on Multi-Stage Production Planning -- Inventory — Production and Distribution Systems -- Two-Stage Production Planning in a Dynamic Environment -- Overview of a Stock Allocation Model for a Two-Echelon Push System Having Identical Units at the Lower Echelon --...