QUESTION: For materials that are controlled by the customer, and customers that don’t mind holding excess inventory, what are the key lessons we could use to educate customers about reducing inventory ...

In this note, an algorithm previously introduced by B. Lev and H. Weiss to optimally solve the finite horizon EOQ model with price changes is modified to avoid infeasible solutions. An example is ...

The success of a supply chain business often relies on the effectiveness of its inventory strategy. Without a strong plan in place, companies may run shortages or end up with surplus inventory on hand ...