Inventory record inaccuracy is a significant problem for retailers using automated inventory management systems. While investments in preventative and corrective measures can be effective remedies, gains can also be achieved through inventory management tools that account for record errors. In this paper, we consider intelligent inventory management tools that account for record errors using a ...

this paper deals with an i * corresponding author email address:   nventory system with one central warehouse and a number of identical retailers. we consider perishable-on-the-shelf items; that is, all items have a fixed shelf life and start to age on their arrival at the retailers. each retailer faces poisson demand and employs (1, t) inventory policy. although demand n...

In this paper, we address a cooperative game application to supply chain management. Specifically, we study a distribution system where a set of retailers may order for a single product from a unique supplier to satisfy a deterministic and constant rate demand of final customers. Each retailer, when ordering for a quantity of product, has to pay a fixed ordering cost and a transportation cost. ...

It is common that when a stock out occurs at a retailer the customer may go to another retailer. This phenomenon is often referred to as the customer market search. This paper analyzes the one manufacturer two retailer supply chain while considering the customer market search behavior. Game theoretic models are built to investigate the implications of this phenomenon in scenarios where wholesal...

Relative to brick-and-mortar retailers, online retailers have the potential to offer more options to their customers, with respect to both inventory as well as service times. To do this entails the management of a distribution network with more decision options than a traditional retailer. The online retailer, not the customer, decides from where items will ship, by what shipping method, and ho...

We consider a three-level distribution network involving a raw material supplier with imperfect quality, a manufacturer and several retailers. A production-inventory model accompanied by a partial backlogging approach is developed by considering random disruptions. Any batch received from the supplier is inspected by the manufacturer and if any flaw is visited, all the goods in the inspected ba...

Inventory turnover varies widely across retailers and over time. This variation undermines the usefulness of inventory turnover in performance analysis, benchmarking and working capital management. We develop an empirical model using financial data for 311 public-listed retail firms for the years 1987-2000 to investigate the correlation of inventory turnover with gross margin, capital intensity...

The current study aims to identify some optimal base-stock inventory-management policies that maximize the expected long-run profitability of cement retailers under potential supply-side disruptions. Unlike existing articles, proposed economic order-quantity model considers periodically varying random demand rates deteriorating items together with partially back-ordered shortages in face those ...