In this paper we give a comparative overview on research works dealing with replenishment policies. Following recalls of the inventory control concepts, a recent literature review is given relating to spare parts. Cited works are classified into two categories, those who consider inventory control as statistic and the others, as dynamic. For each category, works about economic order quantity an...

Simulation experiments are conducted on simple continuous double auction (CDA) markets based on the experimental economics work of Vernon Smith. CDA models within experimental economics usually consist of a sequence of discrete trading periods or “days”, with allocations of stock and currency replenished at the start of each day, a situation we call “periodic” replenishment. In our experiments ...

In this paper, a socially responsible supply chain consisting of one supplier and one retailer is proposed. The supplier decides on replenishment cycle multiplier and the retailer invests in corporate social responsibility (CSR) and decides on the order-up-to-level under a periodic review replenishment policy. The retailer’s decisions impact on the supplier’s probability as well as the supply c...

This study contributes to the periodic review inventory system literature by: (1) investigating customer service level (CSL) as a social responsibility in pharmaceutical supply chains (PSCs) and (2) proposing chain contracting achieve win–win coordination guarantee satisfied CSL. Specifically, considering demand uncertainty one of main challenges faced by pharmacies, we analyze how applying con...

In many industrial environments there is a significant class of problems for which the perishable nature of the inventory cannot be ignored in developing replenishment order plans. Food is the most salient example of a perishable inventory item. In this work, we consider the periodic-review, single-location, single-product production/inventory control problem under non-stationary stochastic dem...

We examine a single-item, periodic-review inventory system with stochastic leadtimes, in which a replenishment order is delivered immediately or one period later, depending probabilistically on costly effort. The objective is to determine an inventory policy and an effort-choice strategy that minimize the expected total costs. Our analytical and computational analysis suggests that (i) a state-...

Abstract This research proposes a periodic review multi-item two-layer inventory model. The main contribution is novel approach to determine the can-order threshold in model under time-dependent and uncertain demand setup costs. first layer consists of learning mechanism forecast second involves coordinated replenishment items, which analysed as Bayesian game with prior probability distribution...

The delivery scheduling problem studied in this paper was motivated by the operation in a large personal computer assembly plant, which was using multisourcing for some of its materials. The company’s objective was to design a delivery schedule so that the average inventory level in the factory was minimized. We show that the problem is intimately related to a classical inventory staggering pro...