The deal for industrial companies is to satisfy their customers with the best quality, the most reliable lead times, and the lowest costs. One of the keys to achieve it is in the inventory control in the Supply Chain. Moreover, it is mandatory to possess necessary components in order to produce the requested products by the due date. But, as the components lead time is an unpredictable paramete...

Motivated by a problem faced by a large manufacturer of a consumer product, we explore the interaction between production planning and capacity acquisition decisions in environments with demand growth. We study a firm producing multiple items in a multiperiod environment where demand for items is known but varies over time with a long-term growth and possible short-term fluctuations. The produc...

Inventory represents a significant investment of capital for most companies. Inventory ties up money that could be used more productively elsewhere. Thus, effective inventory management offers the potential for significant cost savings. Furthermore, quality, product engineering, prices, overtime, excess capacity, ability to respond to customers (due-date performance), lead times, and overall pr...

Inventory inaccuracies are costly and prevalent in many industries. This paper focuses on the impact of RFID technology adoption on supply chain decisions with shrinkage and misplacement problems in the Internet of Thing (IoT). We assume that the supply chain consists of one supplier and one retailer that sell a single product to the customer. By assuming that demand is uniformly distributed, a...

This paper is concerned with a discrete time, discrete state inventory model for items of changing quality. Items are assumed to be in one of a finite number, , Q of quality classes that are ordered in such a way that Class 1 contains the best quality and the last class contains the pre-perishable quality. The changes of items' quality are dependent on the state of the ambient environment. Furt...

Flexibility in supply chain (SC) is desired not only for countering and handling uncertainties but also for planning strategies, to gain competitive edge by the corporate firms. Recently extensive work is being reported in Supply Chain Flexibility (SCF) focussing mainly on its multi dimensional aspects and how to obtain and implement it. However SCF is no free lunch and it may require huge inve...