The objectives of inventory management, including the relevant related costs, are examined in this paper. A brief review of standard problems, that have been effectively solved, is presented. However, ...

This program is offered by the Department of Management Science and Information Systems (MSIS). It is the continuation of the previous concentration in Management Science and the program of Operations ...

We study the classical multiperiod capacitated stochastic inventory control problems in a data-driven setting. Instead of assuming full knowledge of the demand distributions, we assume that the demand ...

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 ...

Respondents are adopting AI to optimize operational processes and enhance supply chain and inventory management.

Maintenance, Repair and Operations (MRO) inventory optimisation is not just a technical concern, it is a strategic priority ...

An inventory manager must be able to develop an effective inventory control system to manage customer demand. The demand for the product will control inventory costs, carrying costs, ordering costs ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

Every day is a juggling act for multichannel retailers who need to quickly fulfill customer orders for items purchased online, in-store, via supplier warehouses and through other channels. Today’s ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...