Operational Research: methods and applications
Abstract Throughout its history, Operational Research has evolved to include methods,
models and algorithms that have been applied to a wide range of contexts. This …
models and algorithms that have been applied to a wide range of contexts. This …
[HTML][HTML] Supply chain resilience: A review from the inventory management perspective
The COVID-19 pandemic has exposed vulnerabilities in global supply chains, leading to
economic damage and product shortages caused by demand surges and supply …
economic damage and product shortages caused by demand surges and supply …
Dual sourcing under non-stationary demand and partial observability
H Yee, HE van Staden, RN Boute - European Journal of Operational …, 2024 - Elsevier
We study dual sourcing under stochastic and non-stationary demand. The non-stationarity is
modeled through Markov-modulated changes in the underlying demand distribution. The …
modeled through Markov-modulated changes in the underlying demand distribution. The …
Dynamic pricing and production control in a two‐item make‐to‐stock system with flexible dual sourcing and lost sales
We consider a joint control of pricing and production in a two‐item inventory system, where
each item can be produced by its dedicated source or a shared flexible source, under the …
each item can be produced by its dedicated source or a shared flexible source, under the …
Numerical study of a queuing-inventory system with two supply sources and destructive customers
Abstract Models of queuing-inventory systems with two inventory replenishment policies
(IRPs) are studied: with a fixed supply volume and with a variable supply volume …
(IRPs) are studied: with a fixed supply volume and with a variable supply volume …
Online learning for dual-index policies in dual-sourcing systems
Problem definition: We consider a periodic-review dual-sourcing inventory system with a
regular source (lower unit cost but longer lead time) and an expedited source (shorter lead …
regular source (lower unit cost but longer lead time) and an expedited source (shorter lead …
[PDF][PDF] How Importers Hedge Demand Uncertainty Through Dual Sourcing and Safety Inventory
We develop a dynamic model of inventory and trade to study how an importer may hedge
demand uncertainty when importing involves an order lead time. We show that when the …
demand uncertainty when importing involves an order lead time. We show that when the …
Control of dual-sourcing inventory systems using recurrent neural networks
A key challenge in inventory management is to identify policies that optimally replenish
inventory from multiple suppliers. To solve such optimization problems, inventory managers …
inventory from multiple suppliers. To solve such optimization problems, inventory managers …
Robust optimization approaches in inventory management: Part A—the survey
This work, the first part (Part A) of a comprehensive study, presents a survey on Robust
Optimization (RO) in inventory management, highlighting its role in addressing uncertainties …
Optimization (RO) in inventory management, highlighting its role in addressing uncertainties …
Analysis and optimization of hybrid replenishment policy in a double-sources queueing-inventory system with MAP arrivals
AS Lawrence, A Melikov, B Sivakumar - Annals of Operations Research, 2023 - Springer
A hybrid replenishment policy in double sources queuing-inventory system with MAP flow of
consumer customers is proposed. The service time of the consumer customer has a phase …
consumer customers is proposed. The service time of the consumer customer has a phase …