We study a perishable inventory system that requires to maintain a fresh and large quantity of inventory at all times. For example, certain pharmaceuticals are kept for emergency preparedness and response operations. We aim to maximize the profit by optimizing the joint problem of the ordering and issuing policies while maintaining a minimum amount of perishable inventory. First, we consider a ...

This paper examines the stability of autonomous supply chains. In an autonomous supply chain, suppliers only communicate with their downstream neighbor; i.e., their immediate customer. The inventory management policies used by the suppliers characterize a chain. An important property of a policy is its “gain”, which relates marginal changes in the average steady state inventory to small changes...

Effective models of key operational decisions in multilocation inventory systems are important for a successful retail sector. This paper argues that much of the existing research in this area is not applicable to a highly competitive retail environment, particularly if periodic review replenishment policies are used. The paper develops a model of a periodic review multilocation inventory syste...

 Normally, the real-world inventory control problems are imprecisely defined and human interventions are often required to solve these decision-making problems. In this paper, a realistic inventory model with imprecise inventory costs have been formulated for deteriorating items under trade credit policy within the economic production quantity (EPQ) framework. We assume that the supplier would...

Organized by three distinguished members of the JBS Editorial Board – Marc Bickle, PhD, of the Max Planck Institute of Molecular Cell Biology and Genetics (Germany); Hakim Djaballah, PhD, of Institut Pasteur Korea (South Korea); and Lorenz Martin Mayr, PhD, of AstraZeneca (UK) – this special issue demonstrates how RNAi is enjoying a revival of popularity and is increasingly being applied to dis...

"Robustness of order-up-to policies in lost-sales inventory systems. Full terms and conditions of use: