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math.PR2025
Asymptotic Optimality of Projected Inventory Level Policies for Lost Sales Inventory Systems with Large Leadtime and Penalty Cost
Poulad Moradi, Joachim Arts, Melvin Drent
We study the canonical periodic review lost sales inventory system with positive leadtime and independent and identically distributed (i.i.d.) demand under the average cost criteri…
math.PR2023
Dedicated maintenance and repair shop control for spare parts networks
Chaaben Kouki, Melvin Drent, Collin Drent +1
We study a repairable inventory system dedicated to a single component that is critical in operating a capital good. The system consists of a stock point containing spare component…