A simulation-based optimization framework involving simultaneous perturbation stochastic approximation (SPSA) is presented as a means for optimally specifying parameters of intern...
Supply chain management involves understanding complex interactions between many factors and using the understanding to achieve balance between conflicting objectives. Simulation ...
This paper investigates the effects of demand risk on the performance of supply chain in continuous time setting. The inventory level has been modeled as a jump-diffusion process ...
Dell’s supply chain for desktops involves Asian vendors shipping components by sea to several U.S. plants. While suppliers are responsible for shipping enough inventory, Dell ca...
In this paper, we consider a new inventory control technique for large-scale supply chains including repairs. The part flow is bidirectional with broken parts propagated upstream f...
Prashanth Krishnamurthy, Farshad Khorrami, David A...