We consider a periodic-review single-location single-product inventory system with lost sales and positive replenishment lead times. It is well known that the optimal policy does not possess a simple structure. Motivated by recent results showing that base-stock policies perform well in these systems, we study the problem of finding the best base-stock policy in such a system. In contrast to th...

We consider a periodic-review inventory system with one warehouse and N non-identical retailers. Each location replenishes inventory according to a base-stock policy in a fixed time interval. A fixed cost is incurred for each inventory reorder. The warehouse fills the retailers’ orders in the same sequence as the original demand. The objective is to minimize the long-run average system cost per...

This paper copes with a joint Location-Allocation-Inventory problem in three-echelon base-level spare part support system epistemic uncertainty uncertain demands of bases. The aim the is to propose an optimization model under theory minimize total cost, which integrates crucial characterizations inventory control decisions and location-allocation scheme arrangement periodic review order-up-to-S...