Retail businesses maintain an inventory of finished goods for sale and operating supplies to conduct business. A manufacturer also maintains an inventory of finished goods and supplies, but also keeps ...

Businesses that struggle with inaccurate inventory data, large year-end adjustments of physical inventory results, or a lengthy annual physical inventory process should consider adopting a cycle ...

Purchasing, planning and production control depend on accurate inventory records to perform basic duties. For example, purchasing requires an accurate inventory count to determine the quantities of ...

We consider a periodic-review, single-product inventory system with lost sales and positive lead times under censored demand. In contrast to the classical inventory literature, we assume the firm does ...