Inventory systems with stochastic demand and supply: Properties and approximations

Abstract

We model a retailer whose supplier is subject to complete supply disruptions. We combine discrete-event uncertainty (disruptions) and continuous sources of uncertainty (stochastic demand or supply yield), which have different impacts on optimal inventory settings. This prevents optimal solutions from being found in closed form. We develop a closed-form… (More)
DOI: 10.1016/j.ejor.2010.02.029

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Cite this paper

@article{Schmitt2010InventorySW, title={Inventory systems with stochastic demand and supply: Properties and approximations}, author={Amanda J. Schmitt and Lawrence V. Snyder and Zuo-Jun Max Shen}, journal={European Journal of Operational Research}, year={2010}, volume={206}, pages={313-328} }