A DELIVERY-LAG INVENTORY CONTROL PROCESS WITH EMERGENCY AND NON-STATIONARY STOCHASTIC DEMANDS

Inventory routing with non-stationary stochastic demands

We solve a rich logistical problem inspired from practice, in which a heterogeneous xed eet of vehicles is used for collecting recyclable waste from large containers over a nite planning horizon. Each container is equipped with a sensor, which communicates its level at the start of the day. Given a history of observations, a forecasting model is used to estimate the point demand forecasts as we...

Vendor Managed Inventory of a Supply Chain under Stochastic Demands

In this research, an integrated inventory problem is formulated for a single-vendor multiple-retailer supply chain that works according to the vendor managed inventory policy. The model is derived based on the economic order quantity in which shortages with penalty costs at the retailers` level is permitted. As predicting customer demand is the most important problem in inventory systems and th...

Optimization of Stochastic Inventory Control with Correlated Demands

Inventory Models with Continuous , Stochastic Demands 1

This article is concerned with the (r, q) inventory model, where demand accumulates continuously, but the demand rate at each instant is determined by an underlying stochastic process. The primary result is the demonstration of a certain insensitivity property, which characterizes the limiting behavior of the model. This property drastically simplifies the computation of performance measures fo...

A Research on Non-Stationary Stochastic Demand Inventory Systems

Non-stationary stochastic lot sizing problem appears in many industrial environments where demand is nonstationary and stochastic, and replenishments require fixed freight fees. This paper presents the cost performance assessment of three inventory control strategies proposed for the stochastic lot sizing problem, namely Hua et al. (2008)’s strategy (HYHX), Tarim and Kingsman (2006)’s model (TK...