A Microeconomic View of Data Mining
Data Mining and Knowledge Discovery
On the Order Fill Rate in a Multi-Item, Base-Stock Inventory System
Operations Research
Manufacturing & Service Operations Management
Data Mining for Inventory Item Selection with Cross-Selling Considerations
Data Mining and Knowledge Discovery
A Generalization of the Inventory Pooling Effect to Nonnormal Dependent Demand
Manufacturing & Service Operations Management
Seat inventory control for sequential multiple flights with customer choice behavior
Computers and Industrial Engineering
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This paper emphasizes the importance of identifying and considering 'purchase dependence,' which is when the purchase of an item is dependent on the availability of the other items demanded in the same order. Even though purchase dependence is an important factor in designing an inventory replenishment policy, it has remained mostly unaddressed. Purchase dependence is different to demand dependence. Purchase dependence deals with the purchase behavior of customers, whereas demand dependence deals with the correlation among demands. This paper is the first to develop inventory models for purchase-dependent inventory systems. Through simulation experiments, this paper demonstrates that the developed inventory models, which include purchase dependence, incur less inventory operations costs (and satisfy more service level constraints) than other inventory models.