In this study we use a flexible policy of spare part management in the context of airports corrective maintenance activities and provide a new approach for mathematically evaluate the performances of systems with lateral transshipments in case of one-for-one ordering policies, transfer times and peaked demand. This study deals with the spare optimization of a large logistics company, in charge ...

We consider a multi-item two-echelon inventory system in which the central warehouse operates under a (Q,R) policy, and each local warehouse implements (S − 1, S) policy. The objective is to find the policy parameters minimizing expected system-wide inventory holding and fixed ordering costs subject to an aggregate mean response time constraint at each facility. We propose a Lagrangian heuristi...

We consider a single-stage inventory system supplying external demands and receiving stocks from an ample supply. Time is divided into periods of …xed length; a period can be a day or a week depending on the situation. In each period, demands arrive and are either …lled or backlogged. The system operates under a general periodic-review base-stock policy. Under this policy, the inventory positio...

In this paper, simple and general Order-Up-To (OUT) models with Minimum Mean Square Error (MMSE) forecast for the AR(1) demand pattern are introduced in the control engineering perspective. Important insights about lead-time misidentification are derived from the analysis of variance discrepancy. By applying the Final Value Theorem (FVI), a final value offset (i.e., inventory drift) is proved t...

In multi-item inventory with very large number of items in retail sale stores, purchase dependency in demand amongst the items can be described by association rules mined from sale transaction data. With the knowledge of association rules, inventory replenishment policy can be designed which will result in low inventory cost and better profitability. The relevant inventory costs include the cos...

We study the joint inventory and sales effort management problems of a retailer in a broad context and investigate the optimal policies for a single item, periodic-review system. In each period, the demand is uncertain depending on the sales effort level exerted by the retailer, which incurs an associated cost. The retailer’s objective is to find a joint optimal inventory replenishment and sale...