To reduce lead-time and its variability, modern supply and transportation contracts often specify the frequency of, and volume available for, future deliveries in advance even when final demand is ...

For large corporations, inventory requirements can be determined using complex algorithms and computer programs. For small businesses, most inventory models can fit within three theories. Each of ...

This is a preview. Log in through your library . Abstract We analyse the optimal ordering policy for impulse control of a one-product inventory system subject to a demand modelised by a diffusion ...