This paper developed integrated production–inventory-marketing models for a two-stage supply chain consisting of one vendor and one buyer. The aim of the paper was to decrease the inconsistency between theory and practice of inventory management by relaxing some unrealistic assumptions such as constant demand and fully perfect items that make the models practically impossible for real-life prob...

Senior managers in retail industry make important decisions upon assortment planning, product pricing, and product promotion. While product assortment is a strategic decision taken over a long-term planning period (Kök et al., 2006), the latter two are both strategic and tactical: they can be used in dayto-day marketing decisions to dynamically adjust to demand variations. Within the food retai...

We consider the problem of characterizing the locational marginal value of energy storage capacity in electric power networks with stochastic renewable supply and demand. The perspective taken is that of a system operator, whose objective is to minimize the expected cost of firm supply required to balance a stochastic net-demand process over a finite horizon, subject to transmission and energy ...

deregulation policy has caused some changes in the concepts of power systems reliability assessment and enhancement. in this paper, generation reliability is considered, and a method for its assessment using intelligent systems is proposed. also, because of power market and generators’ forced outages stochastic behavior, monte carlo simulation is used for reliability evaluation. generation r...

This paper develops a two-stage model to consider a franchise/franchisee environment in which supply chains are simultaneously entering the untapped market to produce either identical or highly substitutable products and give franchise to franchisees. Customer demand is elastic, price dependent and customer utility function is based on Huff gravity rule model. The supply chains, in the first st...

This study deals with a two-level supply chain consisting of one manufacturer and one retailer. We consider an integrated production inventory system where the manufacturer processes raw materials in order to deliver finished product with imperfect quality to the retailer, where number of defective product has a uniform distribution. The retailer receives product and conducts a 100% inspection....

In this work, we propose extending the production planning decisions of a chemical process network to include optimal contract selection under uncertainty with suppliers and product selling price optimization. We use three quantity-based contract models: discount after a certain purchased amount, bulk discount, and fixed duration contracts. We propose the use of general regression models to des...