Questions tagged [inventory]

For questions about mathematical models and algorithms for optimizing inventories.

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Is a base-stock policy optimal for a serial inventory system with upstream stockout costs?

In a serial inventory system without fixed costs, an echelon base-stock policy is known to be optimal if there is no stockout cost at any stage except the last stage. (This was proved for finite-...
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Can demand be modeled by a limited amount of probability distributions?

In stochastic inventory control, it is very important to model the demand appropriate to set e.g. order levels. Demand can be fit to a certain probability distribution via many means (e.g. a goodness ...
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Modelling a simple ordering problem to have balanced delivery days

Assuming that I should buy 50 items from 25 different vendors with pre-known delivery duration between 2-7 day for each, which day of a week should I place each order so that the delivery days be even ...