1 citations · 1 across the 3 of their papers we have counts for
4 papers · 1 filter
Ergodic inventory control with diffusion demand and general ordering costs
Bo Wei, Dacheng Yao
In this work, we consider a continuous-time inventory system where the demand process follows an inventory-dependent diffusion process. The ordering cost of each order depends on t…
Inbound Replenishment and Outbound Dispatch Decisions under Hybrid Shipment Consolidation Policies: An Analytical Model and Comparison
Bo Wei, Sila Cetinkaya, Daren B. H. Cline
We consider a distribution warehouse where both the inbound inventory replenishment and outbound dispatch decisions are subject to fixed (as well as per-unit) transportation charge…
Stochastic Clearing Systems with Multiple Input Processes
Bo Wei, Sila Cetinkaya, Daren B. H. Cline
In this paper, we consider stochastic clearing systems with multiple drifted Brownian motion inputs. First, we propose an instantaneous rate policy, which is shown to be the optima…
Analytical Results on the Service Performance of Stochastic Clearing Systems
Bo Wei, Sila Cetinkaya, Daren B. H. Cline
Stochastic clearing theory has wide spread applications in the context of supply chain and service operations management. Historical application domains include bulk service queues…