In this review, we discuss the data-driven systems and their effects on the implementation of
the inventory theory. After overviewing the theory briefly, we group the data-driven …

It is our intention to write a different overview of inventory models, from single item single
echelon models to multi-item multi-echelon models, then is mostly provided in text books on …

Inventory management is a critical factor which accounts for the success or failure of modern
businesses in all kinds of industries. By far the best known inventory model is the classical …

Abstract When Ford W. Harris published his short three-page article developing the
Economic Order Quantity (EOQ) model in 1913, he likely did not foresee that it would still be …

Classical inventory models offer a variety of insights into the optimal way to manage
inventories of individual products. However, top managers and industry analysts are often …

This paper first presents an overview of inventory management. This includes a
categorization, by a number of dimensions, of inventory problems and associated models …

We are concerned with the interaction and integration between demand forecasting and
inventory control, in the context of supply chain operations. The majority of the literature is …

This dissertation considers inventory models in which the decision maker does not have
perfect information on the distribution of customer demand. We first consider a phenomenon …

The economic order-quantity model considers the tradeoff between ordering cost and
storage cost in choosing the quantity to use in replenishing item inventories. A larger order …

As markets become more dynamic and competitive, companies must reconsider how they
view inventory and make changes to their production and inventory systems. They must …