Efficient Learning Algorithms for the Best Capped Base-Stock Policy in Lost Sales Inventory Systems Periodic review, lost sales inventory systems with lead times are notoriously challenging to ...

Warehouses have long been a critical part of the supply chain, holding large inventories in central locations to ensure equitable service to many regions. Warehouse teams locate and prepare items for ...

This paper describes the development of a continuous-review (s, S) inventory model with complete backordering and state-dependent, stochastic leadtimes. The demand on the inventory system is assumed ...

This article is concerned with the (r, q) inventory model, where demand accumulates continuously, but the demand rate at each instant is determined by an underlying stochastic process. The primary ...

For large corporations, inventory requirements can be determined using complex algorithms and computer programs. For small businesses, most inventory models can fit within three theories. Each of ...