The newsvendor problem is one of the most basic and widely applied inventory models. There are numerous extensions of this problem. One important extension is the multi-item newsvendor problem, in which the demand of each item may be correlated with that of other items. If the joint probability distribution of the demand is known, the problem can be solved analytically. However, approximating t...

Sustainability has become a major issue in most economies, causing many leading companies to focus on product recovery and reverse logistics. This research is focused on product recovery, and in particular on production control and inventory management in the remanufacturing context. We study a remanufacturing facility that receives a stream of returned products according to a Poisson process. ...

We present a continuous-review inventory model for tactical planning in a multi-item, multi-echelon service parts distribution system with time-based service level requirements. Our goal is to determine base stock levels for all items at all locations so that the service level agreements are met at minimum investment. We present exact time-based fill rate expressions for each item and efficient...

In this paper we develop an inventory model, to determine the optimal ordering quantities, for a set of two substitutable deteriorating items. In this inventory model the inventory level of both items depleted due to demands and deterioration and when an item is out of stock, its demands are partially fulfilled by the other item and all unsatisfied demand is lost. Each substituted item incurs a...

This paper studies a perishable inventory model, which assumes that each perishable item has finite lifetime, and only one item is consumed each time. The lifetimes of perishable items are independent random variables with the general distribution and so are the consumption internal. Under this assumption, by using backward equations and limit distribution of Markov skeleton processes, this pap...

this study is investigated the optimum parameters for a tuned mass damper (tmd) under the seismic excitation. shuffled complex evolution (sce) is a meta-heuristic optimization method which is used to find the optimum damping and tuning frequency ratio for a tmd. the efficiency of the tmd is evaluated by decreasing the structural displacement dynamic magnification factor (ddmf) and acceleration ...

response surface methodology is a common tool in optimizing processes. it mainly concerns situations when there is only one response of interest. however, many designed experiments often involve simultaneous optimization of several quality characteristics. this is called a multiresponse surface optimization problem. a common approach in dealing with these problems is to apply desirability funct...

We consider an online multi-item retailer with multiple fulfillment facilities and finite inventory, with the objective of minimizing the expected shipping cost of fulfilling customer orders over a finite horizon. We approximate the stochastic dynamic programming formulation of the problem with an equivalent deterministic linear program, which we use to develop a probabilistic fulfillment heuri...

The purpose of this paper is to determine the route of the vehicle routing problem with backhauls (VRPB), delivering new items and picking up the reused items or wastes, and resolve the inventory control decision problem simultaneously since the regular VRPB does not. Both the vehicle routing decision for delivery and pickup, and the inventory control decision affect each other and must be cons...