In a time of extreme unpredictability, companies need to centralize inventory control. It’s imperative to drive agile decision-making by consolidating data across the network, employing advanced ...

Industry 4.0 is not just about automation. It’s about smart systems that sense, adapt, predict and act in real time. One example is inventory control, which was once a centralized back-office function ...

This article analyzes a continuous time back-ordered inventory system with stochastic demand and stochastic delivery lags for placed orders. This problem in general has an infinite dimensional state ...