We study an inventory system that consists of two demand classes. The orders in the first class need to be satisfied immediately, whereas the orders in the second class are to be filled in a given demand lead–time. The two classes are also of different criticality. For this system, we propose a policy that rations the non–critical orders. Under a one-for-one replenishment policy with backorderi...

In this paper, we apply continuous review (S-1, S) policy for inventory control in a three-echelon supply chain (SC) including r identical retailers, a central warehouse with limited storage space, and two independent manufacturing plants which offer two kinds of product to the customer. The warehouse of the model follows (M/M/1) queue model where customer demands follow a Poisson probabilit...

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...

This paper studies optimal pricing policies for a family of substitute perishable products with demand correlation. Potential buyers arrive according to an exogenous stochastic Poisson process. At each demand epoch, the arriving customer observes the set of substitute products for which there is still inventory available together with their corresponding prices. Based on this information, the c...

The Ghanaian National Health Insurance Scheme pays providers according to the fee for service payment scheme, a method of payment that is likely to encourage inducement of care. The goal of this paper is to test for the presence of supplier induced demand among patients who received care in private, for profit, hospitals accredited to provide care to insured patients. An instrumental variable P...

This paper describes a novel methodology for generating models of demand for informal outdoor recreation. We analyze visitor data from multiple forest sites across Great Britain. We introduce a wide range of variables typically omitted from most economic demand models of recreation. These include on-site characteristics, and off-site locational drivers of visitation including substitute and com...

In this paper we consider a two-level inventory system with one warehouse and one retailer with information exchange. Transportation times are constant and retailer faces independent Poisson demand. The retailer applies continuous review (R,Q)-policy. The supplier starts with m initial batches (of size Q), and places an order to an outside source immediately after the retailer’s inventory posit...

This article analyzes a model of a multiechelon inventory system. The exogenous demands form Markov-modulated Poisson processes. That is, the demand rates are functions of an underlying Markov chain. Each location follows a base-stock policy which is independent of the state of the underlying Markov chain. We employ the exogenous transit mechanism introduced by Zipkin [7) and Svoronos and Zipki...

In order to control for censoring and the integer nature of trip demand, the use of count data models in travel cost analysis is attractive. Two such models, the Poisson and negative binomial, are discussed. Robust estimation techniques that loosen potentially stringent distributional assumptions are also reviewed. For illustrative purposes, several count data models are used to estimate a coun...