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- Robust Inventory Management Using Tractable Replenishment Policies
- This paper proposes tractable replenishment policies for a multi-period, single product inventory control problem under ambiguous demands, that is, only limited information of the demand distributions such as mean, support and deviation measures are available. The parameters of the tractable replenishment policies were obtained by solving a deterministic optimization problem...
- White papers 2007-04-01
Additional Resources
- Kmart continues to make executive moves - Brief Article
- TROY, MICH. -- Kmart Corporation has announced a series of additional executive moves within the company to strengthen the merchandise replenishment and financial planning functions. Mark Glover has been promoted to vp of merchandise operations planning and replenishment. He will be responsible for all aspects of merchandise planning, replenishment policy...
- Research articles 2000-10-02
- Effective Dual Sourcing With A Single Index Policy
- We consider a single stage periodic-review inventory system with backorders and dual sourcing: Replenishment can occur through a regular channel and/or a more expensive expedited channel with a smaller lead time. Globally optimal policies for these problems are in general highly complex; we therefore introduce a simple class of heuristic...
- White papers 2006-06-14
- Spare Parts Inventory Management With Demand Lead Times and Rationing
- This paper studies the spare parts service system of a major capital equipment manufacturer facing two kinds of orders of different criticality. The more critical down orders need to be supplied immediately, whereas the less critical maintenance orders allow a given demand lead time to be fulfilled. For this system,...
- White papers 2005-04-01
- Scheduling and Ordering Production Policies in a Limited Capacity Manufacturing System: The Multiple Replenishment Products Case
- This paper formulates production policies to maximize the performance of an apparel manufacturing system that replenishes basic items characterized by a flat average demand. The simulation-based model compares a number of production strategies and chooses an ordering and scheduling policy that increases the overall performance of the supply chain. In...
- White papers 2003-07-10
- Columbia Sportswear Company Q3 2007 Earnings Call Transcript
- Question-and-Answer SessionOperator Thank you sir. [Operator Instructions] Your first question come from the line of Bob Drbul. Robert Drbul - Lehman Brothers Hi, good afternoon, Tim. Timothy P. Boyle - President and Chief Executive Officer Hi, Bob. Robert Drbul - Lehman Brothers ...
- Earnings calls 2007-10-25
- A Monopolistic And Oligopolistic Stochastic Flow Revenue Management Model
- This paper studies a one-shot inventory replenishment problem with dynamic pricing. The customer arrival rate is assumed to follow a geometric Brownian motion. Homogeneous customers have an isoelastic demand function and do not behave strategically. A closed-form optimal pricing policy is found, which utilizes current demand information. Under this pricing...
- White papers 2006-11-01
- VF Corporation Q3 2007 Earnings Call Transcript
- Question-and-Answer SessionOperator Very good. [Operator Instructions]. And our first question will come from Brian McGough with Morgan Stanley. Brian McGough - Morgan Stanley Thanks guys. Agreed with your comments. Certainly, nice to see a company beat numbers in this kind of date [ph] and also congratulations...
- Earnings calls 2007-10-20
- Inventory Control In A Multi-Supplier System
- An enterprise network is analyzed from the viewpoint of an end-product manufacturer who receives customer orders and organises his production and supply policy so as to minimize the sum of his average holding cost and average stock-out cost. For each main component to be ordered, the producer has several possible...
- White papers 2005-01-06
- Dynamic Pricing And Inventory Control With Demand Substitution: The Value Of Pricing Flexibility
- This paper studies a one-shot inventory replenishment problem with dynamic pricing. The customer arrival process is assumed either to be piecewise deterministic and correlated across time or to follow a geometric Brownian motion. Homogeneous customers have an iso-elastic demand function and do not behave strategically. For a monopolist facing a...
- White papers 2004-06-22
- Take-Two F3Q07 (Qtr End 7/31/07) Earnings Call Transcript
- Question-and-Answer SessionInstructions) Our first question comes from Heath Terry - Credit Suisse. Heath Terry - Credit Suisse Lainie, of the 35 titles that you mentioned in development, can you give us a breakdown on where those fall, even roughly, between the two fiscal years and which labels we...
- Earnings calls 2007-09-10
- Now or Later: Dual Index Policies for Capacitated Dual Sourcing Systems
- This article examines a possibly capacitated, periodically reviewed; single stage inventory system where replenishment can be obtained either through a regular fixed lead-time channel, or, for a premium, via a channel with smaller fixed lead time. It considers the case when the unsatisfied demands are backordered over an infinite horizon,...
- White papers 2003-12-01
- A Guide to Implementing a World-Class Cycle Counting Program
- Inventory crosses a variety of functional areas, in some cases with little or no distinction. Inventory policy is a strategic, corporate management issue with broad supply-chain ramifications. Inventory control represents the tactical, day-to-day aspects of executing the policies, as particularly focused in replenishment order releasing, the taking of physical inventories,...
- White papers 2004-10-07
- Risk Aversion in Inventory Management
- Traditional inventory models focus on risk-neutral decision makers, i.e., characterizing replenishment strategies that maximize expected total profit, or equivalently, minimize expected total cost over a planning horizon. This paper proposes a framework for incorporating risk aversion in multi-period inventory models as well as multi-period models that coordinate inventory and pricing...
- White papers 2005-12-27
- Value Of Demand Observability For Inventory Control
- We present a partially observed Markov decision process model of a single product supply chain system with lost sales, in which a single decision maker selects a replenishment quantity at each decision epoch. Demand is modeled using an exogenous Markov chain, such that the distribution of demand in a period...
- White papers 2006-04-24
- Experimental investigation of shared storage assignment policies in automated storage/retrieval systems
- In this study, two shared storage assignment policies are compared in an Automated Storage/Retrieval System (AS/RS) by using computer simulation. The AS/RS is assumed to operate under a continuous review, order quantity, reorder point inventory policy. The average travel time of the AS/R machine for storing and retrieving products is...
- Research articles 1999-08-01
- United Microelectronics Corp. Q1 2009 Earnings Call Transcript
- Question-and-Answer SessionOperator Operator Instructions Your first question comes from Randy Abrams - Credit Suisse. Randy Abrams - Credit Suisse Yes that you. Could you talk about, given the 110% for the second quarter, maybe talk about outlook even beyond that? I know it is early but to think about...
- Earnings calls 2009-04-29
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