The single-period problem (SPP), also known as the newsboy or news-vendor problem, is to
find the order quantity which maximizes the expected profit in a single period probabilistic …

Over several decades, the continuous-review inventory model has been widely studied
based on various assumptions and restrictions such as those related with quality …

Several leading manufacturers recently combined the traditional retail channel with a direct
online channel to reach a wider range of customers. We examine such a dual-channel …

Authored by a team of experts, the new edition of this bestseller presents practical
techniques for managing inventory and production throughout supply chains. It covers the …

Traditional stochastic inventory models assume full knowledge of the demand probability
distribution. However, in practice, it is often difficult to completely characterize the demand …

Remanufacturing is getting attention nowadays due to increasing waste and corresponding
emissions. One of the important factors of remanufacturing is the quality of the …

In this paper we determine optimal reduction in the procurement lead time duration for some
stochastic inventory models, jointly with the optimal ordering decisions. The models are …

Proliferation of online social media and the phenomenal growth of online commerce have
brought to us the era of big data. Before this availability of data, models of demand …

This paper illustrates the relationship between quality improvement, reorder point, and lead
time, as affected by backorder rate, in an imperfect production process. To reduce the total …

In the classical newsboy problem, no cost is assumed if the ordered quantity is less than the
demand. However, in reality failure to meet demand is always associated with a penalty. The …