multi-echelon inventory systems are one of the most important and attractive areas in modelling supply chain management so that several researches and studies have been done about. in this paper, the total cost function of a two-echelon inventory system with central warehouse and many identical retailers controlled by continuous review inventory policy is estimated. we have assumed the demand i...

Purpose – The institutionalization of knowledge management (KM) principles, policies and strategies could be summarized as being diverse, problematic and located across the spectrum of views. Studies suggest that very little is reported on how these principles are institutionalized in organizations. This paper seeks to examine the role these principles play in the establishment of KM and report...

A food-processing-and-distribution company typically stores products in a warehouse before shipping them to customers. Inventory management is therefore important to the food-processing-and-distribution industry because of the large amount of products typically stored. Large amounts of stored products increase inventory cost and management cost and can reduce warehouse efficiency. Restated, inv...

Intermittent demand patterns are characterised by infrequent demand arrivals coupled with variable demand sizes. Such patterns prevail in many industrial applications, including IT, automotive, aerospace and military. An intuitively appealing strategy to deal with such patterns from a forecasting perspective is to aggregate demand in lower-frequency ‘time buckets’ thereby reducing the presence ...

Airlines often confront the challenge of determining how to profitably sell their distressed inventory (i.e., seats that their revenue management systems forecast will remain unsold). One solution to this problem is to sell this distressed inventory as opaque products via either the airline’s own channels or a third party. An extension of the opaque product is the variable opaque product (VOP),...

The inventory management system plays a vital role in pharmaceutical industry. For every business, managing an is important whether it small or big, domestic international business. In company, the raw materials have expiry date associated with them so becomes to set minimal safety stock for such items. companies mostly try out keeping minimum of products which will help tracking our business e...