An effective inventory management system starts with analysis and design. The more thorough the analysis and the more care you take in developing the design, the fewer problems you'll have running and ...

Product inventory is one of the biggest investments most businesses make. But many small operations don’t keep close track of what’s coming in and going out and what stays on the shelf. As the volume ...

We consider a class of Markov Decision Processes frequently employed to model queueing and inventory control problems. For these problems, we explore how changes in different system input parameters ...