Members of supply chain carry inventory for different purposes. To effectively reduce the cost of inventory, information sharing mechanism is the key. The inventory can be managed in two ways in supply chain systems. The first one is the centralized inventory management system, in which, the information of inventory is highly exchanged among supply chain members. The other is the decentralized ...

This paper addresses the simultaneous determination of pricing and inventory replenishment strategies in the face of demand uncertainty. More specifically, we analyze the following single item, periodic review model. Demands in consecutive periods are independent, but their distributions depend on the item’s price in accordance with general stochastic demand functions. The price charged in any ...

This paper considers the ranking of alternative replenishment policies for a single-location inventory when customer demand is con"ned to a single product. It is supposed that customer demand is uncertain and described by imprecise linguistic terms de"ned by fuzzy sets. For example, `demand is about da, or `demand is more or less between d and d a, or more complex `demand is about d, but there ...

This review concentrates on the effect of activated carbon (AC) addition to membrane bioreactors (MBRs) treating wastewaters. Use of AC-assisted MBRs combines adsorption, biodegradation and membrane filtration. This can lead to advanced removal of recalcitrant pollutants and mitigation of membrane fouling. The relative contribution of adsorption and biodegradation to overall removal achieved by...

Motivated by the widespread adoption of dynamic pricing in industry and the empirical evidence of costly price adjustments, in this paper we consider a periodic-review inventory model with price adjustment costs that consist of both fixed and variable components. In each period, demand is stochastic and price-dependent. The firm needs to coordinate the pricing and inventory replenishment decisi...

This paper is concerned with the coordination of inventory control in divergent multiechelon inventory systems under periodic review and decentralized control. All the installations track echelon inventories. Under decentralized control the installations will decide upon replenishment policies that minimize their individual inventory costs. In general these policies do not coincide with the opt...

In the fast-changing business environment, supply chains are affected by the production and inventory strategies, which influence the amount of information needed by the chains. The firms must therefore determine the best supply chain inventory strategies for their products. The lack of precise market demand and reliable supplier’s stock level makes it inappropriate to use the statistically-bas...

A periodic-review, random-demand inventory model is analyzed under the assumption that replenishment quantities are random fractions of the amounts ordered. Results of a previous study of a single-period model are generalized to form an easily computed heuristic adaptation of the (s, S) policy for use in this environment. The heuristic is based on the simple practice of scaling down pipeline in...

The fill rate is usually computed by using the traditional approach, which calculates it as the complement of the quotient between the expected unfulfilled demand and the expected demand per replenishment cycle, instead of directly the expected fraction of fulfilled demand. Furthermore the available methods to estimate the fill rate apply only under specific demand conditions. This paper shows ...