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For base-stock policies, Zhang and Zhang [J. Zhang, J. Zhang, Fill rate of single-stage general periodic review inventory systems, Operations Research Letters 35 (2007) 503–509] derive the fill rate, defined as the long-run average fraction of demand satisfied immediately. We derive the same expression for the fill rate defined as the ratio of expected demand satisfied immediately to expected demand,...
This paper considers the problem of joint replenishment and pricing for a single product with two suppliers and supply disruption. Our objective is to maximize the total profit by choosing an appropriate replenishment and pricing policy. We not only obtain that the form of the optimal policy has a (s,S,p,σ,Σ)-type, but also analyze how supply disruption affects the profit function and the optimal...
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