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We study in this correspondence paper a solution scheme which solves a periodic review multiperiod inventory problem under a mean-variance (MV) framework. We first investigate a primal inventory problem with an MV objective function. Owing to the nonseparable nature of variance, we construct an auxiliary problem which is separable. By solving the auxiliary problem, we identify the conditions under...
Since supply chain networks are discrete event dynamic systems, Petri-net has been an effective tool for supply chain modeling. Current research on Petri-net based modeling focuses on supply chain design and integration, production planning, inventory control, logistics and distribution. This paper first gives an overview of recent research work in supply chain management involved in all the above...
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