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 …

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 …

This paper first presents an overview of inventory management. This includes a
categorization, by a number of dimensions, of inventory problems and associated models …

We study capacity reservation contracts between a high‐tech manufacturer (supplier) and
her OEM customer (buyer). The supplier and the buyer are partners who enter a 'design …

A special form of the single-period inventory problem (newsvendor problem) with a known
demand and stochastic supply (yield) is studied. A general analytic solution for two types of …

We study the interplay of demand and supply uncertainty in capacity and outsourcing
decisions in multi-stage supply chains. We consider a firm's investment in two stages of a …

Capacity reservation provides a risk-sharing mechanism that encourages a manufacturer to
expand its capacity more. We propose a deductible reservation (DR) contract where …

We consider newsvendor models with a primary supplier whose production is subject to
random capacity. In order to hedge against this supply risk the retailer contracts with a …

We explore an extension of the single-period (newsboy) inventory problem when supply is
uncertain. We look into the negotiations between a newsvendor (retailer) and a …

In this paper we consider an extension of the single-period inventory model with stochastic
demand where a put option can be purchased to reduce losses resulting from low demand …