This is a preview. Log in through your library . Abstract The single-item stochastic inventory control problem is to find an inventory replenishment policy in the presence of independent discrete ...

Students will learn applications of operations research methods to practical problems of production planning and inventory control; forecasting; aggregate planning; deterministic and stochastic ...

We propose a sample-average-approximation-based simulation optimisation approach for solving a two-echelon inventory problem containing a total cost objective function and multiple service-level ...

Inventory management is one of the most important components of Alibaba’s business. Traditionally, human buyers make replenishment decisions: although artificial intelligence (AI) algorithms make ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...