2. Main results 2.1. Model description and problem statement In this section, we formally define our lost-sales inventory optimization problem. Let {Dt, t ≥ 1} be a sequence of independent and …

The first example is an (s, S ) inventory optimization problem that exhibits behavior like a practical DOvS problem. We use this example to demonstrate (i) by comparing performance of GMIA …

To mitigate operational disruptions, oil and gas companies maintain high levels of Maintenance, Repair, and Operations (MRO) inventory. However, our sponsor company was found to have …

The research is to aid optimal decisions on the selection and rent of online fulfillment warehouses and on the multi-echelon inventory optimization problem. The problem is diferent from existing …

supply chain inventory management. For example, Lau (1980) examines the single-period inventory optimization problem with the goal of maximizing the probability to achieve a certai

The integration of these models into existing inventory management systems automates replenishment processes, ensuring stock levels align closely with anticipated demand. Our …

The SAA approach to two-stage stochastic linear optimization o ers several attractive properties. For one, SAA can be solved exactly as a linear optimization problem with size (number of …