Perpetual inventory system (486): System that keeps track of removals from inventory continuously, thus monitoring current levels of each item. Two-bin system (487): Two containers of inventory; ...

Planning a Transition — Who Should You Surround Yourself With? Past sales for each product code are analyzed to determine the average usage and the week-to-week variation. Reorder points are ...

We consider a continuous-review inventory system in which the setup cost of each order is a general function of the order quantity and the demand process is modeled as a Brownian motion with a ...

We consider a stochastic periodic-review inventory control system in which the fixed cost depends on the order quantity. In particular, we investigate the optimal ordering policies under three fixed ...