Inventory Control with Limited Capacity and Advance Demand Information

@article{zer2004InventoryCW,
  title={Inventory Control with Limited Capacity and Advance Demand Information},
  author={{\"O}zalp {\"O}zer and Wei Wei},
  journal={Operations Research},
  year={2004},
  volume={52},
  pages={988-1000}
}
Manufacturers make production decisions and carry inventory to satisfy uncertain demand. When holding and shortage costs are high, carrying inventory could be even more expensive for a capacitated production system. Recent developments in information technology and sales strategies enabled firms to acquire, collect, or induce advance demand information. We address a periodic-review, stochastic, capacitated, finite and infinite horizon production system faced by a manufacturer who has the… CONTINUE READING

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