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We give new approximation algorithms for the submodular joint replenishment problem and the inventory routing problem, using an iterative rounding approach. In both problems, we are given a set of $N$ items and a discrete time horizon of…

数据结构与算法 · 计算机科学 2019-12-03 Thomas Bosman , Neil Olver

We consider a manufacturer who manages the end-of-life phase and takes one of the three actions at each period: (1) place an order, (2) use existing inventory, (3) stop holding inventory and use an outside/alternative source. Two examples…

最优化与控制 · 数学 2021-10-26 Emin Ozyoruk , Nesim K. Erkip , Çağın Ararat

In this article, we consider a continuous review (s, S) inventory system with failures of demand fulfillment (service) modeled as a Markov-modulated retrial queueing system. The inventory system features a single product that experiences…

概率论 · 数学 2023-07-18 James Cordeiro , Ying-Ju Chen , Andres Larrain-Hubach , Mark Abramson

Standard procurement models assume that the buyer knows the quality of the good at the time of procurement; however, in many settings, the quality is learned only long after the transaction. We study procurement problems in which the…

理论经济学 · 经济学 2026-04-03 Kun Zhang

We study the inbound supply mode and inventory management decision making for a company that sells an assortment of products. Stochastic demand for each product arrives periodically and unmet demand is backlogged. Each product has two…

最优化与控制 · 数学 2023-08-08 Melvin Drent , Poulad Moradi , Joachim Arts

We present novel mathematical models for inventory management within a reverse logistics system. Technological advancements, sustainability initiatives, and evolving customer behaviours have significantly increased the demand for repaired…

最优化与控制 · 数学 2024-06-21 I. B. Wadhawan , M. M. Rizvi

We consider the problem of estimating the rate of defects (mean number of defects per item), given the counts of defects detected by two independent imperfect inspectors on one sample of items. In contrast with the setting for the…

统计方法学 · 统计学 2019-04-23 Tamar Gadrich , Guy Katriel

The assortment planning problem is a central piece in the revenue management strategy of any company in the retail industry. In this paper, we study a robust assortment optimization problem for substitutable products under a sequential…

最优化与控制 · 数学 2020-09-01 Saharnaz Mehrani , Jorge A. Sefair

This paper proposes a mathematical model for the design of a two-echelon supply chain where a set of suppliers serve a set of terminal facilities that receive uncertain customer demands. This model integrates a number of system decisions in…

最优化与控制 · 数学 2015-11-26 Jianxun Cui , Meng Zhao , Xiaopeng Li , Mohsen Parsafard , Shi An

We study the problem of determining how much finished goods inventory to source from different capacitated facilities in order to maximize profits resulting from sales of such inventory. We consider a problem wherein there is uncertainty in…

最优化与控制 · 数学 2025-07-01 Mike Hewitt , Giovanni Pantuso

In the era of industry 4.0, procurement in supply chain management is the key to developing information management systems. It directly affects production planning failure. In this case, it is the process to prepare and confirming the…

系统与控制 · 电气工程与系统科学 2022-06-07 Issarapong Khuankrue , Sudchai Boonto , Yasuhiro Tsujimura

Purpose: The model allocates the system components orders to the suppliers to minimize the parts price and the system construction delay penalties and maximize the system availability during its use. It considers the quantity-based discount…

最优化与控制 · 数学 2026-01-21 Zahra Sobhani , Mahmoud Shahrokhi

Newsvendor problem is an extensively researched topic in inventory management. In this class of inventory problems, shortage and excess costs are considered to be proportional to the quantity lost. But, for critical goods or commodities,…

应用统计 · 统计学 2020-07-09 Soham Ghosh , Mamta Sahare , Sujay Mukhoti

In this paper, we formulate an optimal ordering policy as a stochastic control problem where each firm decides the amount of input goods to order from their upstream suppliers based on the current inventory level of its output good. For…

最优化与控制 · 数学 2022-09-13 Jose I. Caiza , Ian Walter , Jitesh H. Panchal , Junjie Qin , Philip E. Pare

In this study, we analyze and compare the performance of state-of-the-art deep reinforcement learning algorithms for solving the supply chain inventory management problem. This complex sequential decision-making problem consists of…

机器学习 · 计算机科学 2025-01-07 Francesco Stranieri , Fabio Stella

Queueing-inventory systems are integrated systems consisting of two emerging fields in applied probability, namely "Queues" and "Inventory". In this paper, we present a comprehensive review of the theory and applications of…

概率论 · 数学 2023-09-20 Salini K , Arya P S , Manikandan Rangaswamy

This paper investigates a multi-product stochastic inventory problem in which a cash-constrained online retailer can adopt order-based loan provided by some Chinese e-commerce platforms to speed up its cash recovery for deferred revenue. We…

最优化与控制 · 数学 2020-12-10 Zhen Chen , Ren-qian Zhang

Inventory decision frameworks proposed in the literature for single-echelon supply chain systems rely on assumptions to obtain closed form expressions. In particular, two such frameworks - one conventional and the other with a demand…

最优化与控制 · 数学 2018-06-21 Anshul Agarwal

VQ (Vendor Qualification) and IOQ (Installation and Operation Qualification) audits are implemented in warehouses to ensure all equipment being turned over in the fulfillment network meets the quality standards. Audit checks are likely to…

机器学习 · 计算机科学 2022-09-30 Farouq Halawa , Majid Abdul , Raashid Mohammed

We study a general problem of allocating limited resources to heterogeneous customers over time under model uncertainty. Each type of customer can be serviced using different actions, each of which stochastically consumes some combination…

人工智能 · 计算机科学 2021-08-31 Wang Chi Cheung , Will Ma , David Simchi-Levi , Xinshang Wang