It has long been recognized that many inventory models most relevant to practice are
inherently high‐dimensional, and hence generally believed to become computationally …

As one of the classical problems in the economic market, the newsvendor problem aims to
make maximal profit by determining the optimal order quantity of products. However, the …

We review academic research on dual-sourcing (or dual-mode) dynamic stochastic
inventory models, which study the replenishment of inventory from two sources (or two …

We consider periodic review perishable inventory systems with a fixed product lifetime.
Unsatisfied demand can be either lost or backlogged. The objective is to minimize the long …

We consider an infinite-horizon lost-sales inventory model where the supply takes positive
lead times and is a random function of the order quantity (eg, random yield/capacity). The …

The quick response (QR) system that can cope with demand volatility by shortening lead
time has been well studied in the literature. Much of the existing literature assumes implicitly …

We consider a classic joint pricing and inventory control problem with lead times, which is
extensively studied in the literature but is notoriously difficult to solve because of the …

In this paper, we study the coordination of a dual sourcing supply chain comprising a buyer
and two suppliers: a regular and an expedited one. The suppliers differ in lead time and …

In this paper, we consider a classic periodic-review lost-sales inventory system with lead
times, which is notoriously challenging to optimize with a wide range of real-world …

Stochastic inventory systems with lead times are often challenging to optimize, including
single-sourcing lost-sales and dual-sourcing inventory systems. Recent numerical results …