Note—A Graphical Aid for Determining Optimal Inventories in a Unit Replenishment Inventory System
نویسندگان
چکیده
منابع مشابه
Optimal Pricing and Replenishment in a Single-Product Inventory System
We study an inventory system that supplies price-sensitive demand modeled by Brownian motion, focusing on the optimal pricing and inventory replenishment decisions, under both long-run average and discounted objectives. Analytical solutions are obtained in all cases, and related to or contrasted against previously known results. In addition, we bring out the interplay between the pricing and th...
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The use of VMI at Wal-Mart on a large scale has attracted a great deal of attention in the industrial world. In a VMI program, the supplier assumes control of the inventory management for one or more retailers (Fry, 2002). The supplier monitors the inventory level at the retailers and makes the decisions related to the quantities of replenishment and the timing of shipments to the retailers. It...
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ژورنال
عنوان ژورنال: Management Science
سال: 1977
ISSN: 0025-1909,1526-5501
DOI: 10.1287/mnsc.24.3.358