<p style='text-indent:20px;'>This paper studies a single-period inventory problem with quantity-oriented reference point, where the newsvendor has loss-averse preferences and conditional value-at-risk (CVaR) measure is introduced to hedge against his risk. It shown there exists unique optimal order quantity maximizing CVaR of utility. Moreover, it decreasing in loss aversion level, confid...

Inventory management has frequently been targeted by researchers as one of the most pivotal problems in supply chain management. With the expansion of research studies on inventory management in supply chains, perishable inventory has been introduced and its fundamental differences from non-perishable inventory have been emphasized. This article presents livestock as a type of inventory that ha...

Background: The ability to solve problems is of special concern for professionals who are interested in helping others create solutions to problems that are particularly troublesome Objective: This paper evaluates the effects of an interactive problem solving training program on first-line nurse managers’ self-reported problem solving skills. Methodology: The data for this evaluation study was ...

Inventory models in which the demand rate depends on the inventory level are based on the common real-life observation that greater product availability tends to stimulate more sales. Previous models incorporating inventory-level dependent demand rate assume that the holding cost is constant for the entire inventory cycle. This paper considers the inventory policy for an item with a stock-level...

Abstract: It has been suggested by many supply chain practitioners that in certain cases inventory can have a stimulating effect on the demand. In mathematical terms this amounts to the demand being a function of the inventory level alone. In this work we propose a logistic growth model for the inventory dependent demand rate and solve first the continuous time deterministic optimal control pro...

We consider an inventory routing problem in discrete time where a supplier has to serve a set of customers over a time horizon. A capacity constraint for the inventory is given for each customer and the service cannot cause any stock-out situation. Two different replenishment policies are considered, the order-up-to level and the maximum level policies. A single vehicle with a given capacity is...

Motivated by empirical observations, we assume that the inventory level of a company follows a mean reverting process. The objective of the management is to keep this inventory level as close as possible to a given target; there is a running cost associated with the difference between the actual inventory level and the target. If inventory deviates too much from the target, management may perfo...

– This paper derives a good approach to approximating the expected inventory level per unit time for the continuous review perishable inventory system. Three existing approximation approaches are examined and compared with the proposed approach. Three stockout cases, including the full backorder, the partial backorder, and the full lost sales cases, which customers or material users generally u...