Optimal inventory policy through dual sourcing

Optimal policy structure characterization for a two-period dual-sourcing inventory control model with forecast updating

A proposed single-product, stochastic, two-period inventory control model combines demand forecast updating with the flexibility of two supply sources. Demand is modeled by two independent, random variables over a two-period selling season. At the beginning of the first period, two quantities are ordered using two different supply options: a local supplier who delivers the ordered quantity imme...

Optimal Inventory Policy

An approximate policy for a dual-sourcing inventory model with positive lead times and binomial yield

This paper studies the inventory system of a retailer who orders his products from two supply sources, a local one that is responsive and reliable, but expensive, and a global one that is low-cost but less reliable. The deliveries from the global source only partially satisfy the quality requirements.Wemodel this situationwith a dual-sourcing inventory model with positive lead times and random ...

Optimal Policies for a Dual-Sourcing Inventory Problem with Endogenous Stochastic Lead Times

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Electronic Companion to “Optimal Policies for a Dual-Sourcing Inventory Problem with Endogenous Stochastic Lead Times”