We consider a joint inventory-pricing problem in which buyers act strategically and bid for units of a firm’s product over an infinite horizon. The number of bidders in each period, as well as the individual bidders’ valuations, are random but stationary over time. There is a holding cost for inventory and a unit cost for ordering more stock from an outside supplier. Backordering is not allowed...

--In this paper, we consider an integrated inventory model with one vendor and multiple retailers. In this three-tier supply chain system, the vendor purchases raw material produces into finished products, and delivers finished products to the retailers. We assume that the production (at the vendor) and the replenishment (at all the retailers) of the finished products share the common cycle tim...

Recent studies have shown that energy harvesting wireless sensor networks have the potential to provide perpetual network operations by capturing renewable energy from the external environment. However, the spatial-temporal profiles of such ambient energy sources typically exhibit great variations, and can only provide intermittent recharging opportunities for sensors to support low-rate data s...

F many companies, inventory record inaccuracy is a major obstacle to achieving operational excellence. In this paper, we consider an inventory system in which inventory records are inaccurate. The manager makes inventory inspection and replenishment decisions at the beginning of each period. There is a cost associated with each inspection. If an inspection is performed, inventory records are al...

We study a joint inventory and pricing problem in a single-stage system with a positive lead time. We consider both additive and multiplicative demand forms. This problem is, in general, intractable due to its computational complexity. We develop a simple heuristic that resolves this issue. The heuristic involves a myopic pricing policy that generates each period’s price as a function of the in...

vendor managed inventory is a continuous replenishment program that is designed to provide major cost saving benefits for both vendors and retailers. previous research on this area mainly included single objective optimization models where the objective is to minimize the total supply chain costs or to maximize the total supply chain benefits. this paper presents a bi-objective mathematical mod...

In warehouses, storage replenishment operations involve the transportation of items to capacitated item slots in forward area from reserve storage. These are later picked these as demand arises. While order picking constitutes majority warehouse operating costs, efficient management is important ensure availability for and decrease costs due replenishment, which might be particularly higher war...