Empirical testing of forecast update procedure for seasonal products
International Journal of Information Technology and Management
Dynamic modeling and control of supply chain systems: A review
Computers and Operations Research
Queueing Systems: Theory and Applications
Inventory Control with Generalized Expediting
Operations Research
Coordinating a two-supplier and one-retailer supply chain with forecast updating
Automatica (Journal of IFAC)
An inventory system with two suppliers and default risk
Operations Research Letters
Flexible supply policy with options and capacity constraints
Operations Research Letters
Relating the multiple supply problem to quantity flexibility contracts
Operations Research Letters
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This paper is concerned with a periodic review inventory system with fast and slow delivery modes, fixed ordering cost, and regular demand forecast updates. At the beginning of each period, on-hand inventory and demand information are updated. At the same time, decisions on how much to order using fast and slow delivery modes are made. Fast and slow orders are delivered at the end of the current period and at the end of the next period, respectively. A forecast-update-dependent ( s,S)-type policy is shown to be optimal. Also shown are some monotonicity properties of the policy parameters with respect to the costs and information updates.