Multimodularity and Its Applications in Three Stochastic Dynamic Inventory Problems

Qing Li
Qing Li
[email protected]
School of Business and Management, Hong Kong University of Science and Technology, Clear Water Bay, Kowloon, Hong Kong
Search for more papers by this author
,
Peiwen Yu
Peiwen Yu
[email protected]
School of Management, Fudan University, 200433 Shanghai, China
Search for more papers by this author

Qing Li

[email protected]

School of Business and Management, Hong Kong University of Science and Technology, Clear Water Bay, Kowloon, Hong Kong

Search for more papers by this author

Peiwen Yu

[email protected]

School of Management, Fudan University, 200433 Shanghai, China

Search for more papers by this author

Published Online:21 May 2014https://doi.org/10.1287/msom.2014.0488

Supplemental Material

msom.2014.0488-sm_mm_ec_feb_5_2014.pdf (186 KB)

Cited by
- Perishable inventory control by minimizing expected marginal costs for current inventory state
  28 February 2026 | SICE Journal of Control, Measurement, and System Integration, Vol. 19, No. 1
- Rejectable advance scheduling: A dimensionality reduction approach
  European Journal of Operational Research, Vol. 334, No. 2
- Preservation of Multimodularity: New Results and Applications
  Tong Wang,
  Li Xiao,
  Fen Xu
  7 April 2026 | Operations Research, Vol. 0, No. 0
- Stochastic inventory systems with regenerative capacity
  European Journal of Operational Research, Vol. 28
- Optimal Policies in a Dual Sourcing Inventory System With Multiple Demand Classes and Supply Disruption Risks
  14 August 2025 | Naval Research Logistics (NRL), Vol. 73, No. 2
- Optimal ordering policy for perishable products by incorporating demand forecasts
  European Journal of Operational Research, Vol. 329, No. 1
- Platelet Inventory Management with Approximate Dynamic Programming
  Hossein Abouee-Mehrizi,
  Mahdi Mirjalili,
  Vahid Sarhangian
  11 March 2025 | INFORMS Journal on Computing, Vol. 38, No. 1
- Please Customers or Prevent Wastage? Replenishment and Issuance Policy for a Perishable Product with Age-Sensitive Demand
  Achal Goyal,
  Amar Sapra
  19 September 2025 | Manufacturing & Service Operations Management, Vol. 27, No. 6
- Optimal Dual-Sourcing Inventory Policies with Order Tracking: Backlogging and Lost Sales Under Uncertain Lead Times
  Jing-Sheng Song,
  Li Xiao,
  Hanqin Zhang
  3 June 2025 | Operations Research, Vol. 73, No. 6
- Dynamic programming in inventory management: A review
  Computers & Operations Research, Vol. 183
- Optimal markdown policies for perishable products with fixed shelf life
  16 February 2025 | International Journal of Production Research, Vol. 63, No. 15
- Dynamic resource allocation and scheduling for appointment-based systems with walk-ins
  10 October 2024 | IISE Transactions, Vol. 57, No. 8
- Optimal Control of Service Systems with Heterogeneous Servers and Priority Customers
  David Chen,
  Ruoran Chen,
  Rowan Wang,
  Xuan Wang
  12 November 2024 | Management Science, Vol. 71, No. 8
- Robust optimization approaches in inventory management: Part A—the survey
  13 August 2024 | IISE Transactions, Vol. 57, No. 7
- Helping the Captive Audience: Advance Notice of Diagnostic Service for Hospital Inpatients
  Miao Bai,
  Nan Liu,
  Zheng Zhang
  4 June 2025 | Manufacturing & Service Operations Management, Vol. 27, No. 4
- Solving dual sourcing problems with supply mode dependent failure rates
  11 April 2025 | International Journal of Production Research, Vol. 324
- Dynamic inventory and pricing control of a perishable product with multiple shelf life phases
  Transportation Research Part E: Logistics and Transportation Review, Vol. 195
- Please Customers or Prevent Wastage? Replenishment and Issuance Policy for a Perishable Product with Age-sensitive Demand
  1 January 2025 | SSRN Electronic Journal, Vol. 45
- Optimization of blood supply chains under different supply scenarios
  3 January 2024 | Annals of Operations Research, Vol. 335, No. 1
- Managing Replenishment and Clearance of Perishables: Last-In, First-Out (LIFO) Issuing Policy and Age-Sensitive Demand
  27 March 2024 | Production and Operations Management, Vol. 33, No. 4
- Online Learning for Dual-Index Policies in Dual-Sourcing Systems
  Jingwen Tang,
  Boxiao Chen,
  Cong Shi
  12 December 2023 | Manufacturing & Service Operations Management, Vol. 26, No. 2
- Dynamic Interday and Intraday Scheduling
  Christos Zacharias,
  Nan Liu,
  Mehmet A. Begen
  24 August 2022 | Operations Research, Vol. 72, No. 1
- Optimal Ordering Policy for Perishable Products by Incorporating Demand Forecasts
  1 January 2024 | SSRN Electronic Journal, Vol. 31
- Big Data Analysis and Machine Learning for Efficient Supply Chain Management
- Truncated Balancing Policy for Perishable Inventory Management: Combating High Shortage Penalties
  Can Zhang,
  Turgay Ayer,
  Chelsea C. White
  1 September 2023 | Manufacturing & Service Operations Management, Vol. 25, No. 6
- Dynamic pricing and production control in a two‐item make‐to‐stock system with flexible dual sourcing and lost sales
  1 October 2023 | Production and Operations Management, Vol. 32, No. 10
- Inventory Sharing for Perishable Products: Application to Platelet Inventory Management in Hospital Blood Banks
  Can Zhang,
  Turgay Ayer,
  Chelsea C. White,
  Joy N. Bodeker,
  John D. Roback
  23 December 2022 | Operations Research, Vol. 71, No. 5
- Managing inventory systems with dual delivery modes and minimum order quantities
  20 April 2023 | Naval Research Logistics (NRL), Vol. 70, No. 6
- Dual sourcing inventory management with nonconsecutive lead times from a supply chain perspective: a numerical study
  10 May 2023 | OR Spectrum, Vol. 45, No. 3
- Optimal replenishment and transshipment management with two locations
  23 January 2023 | Naval Research Logistics (NRL), Vol. 70, No. 4
- Asymptotic Optimality of Open-Loop Policies in Lost-Sales Inventory Models with Stochastic Lead Times
  1 January 2023 | SSRN Electronic Journal, Vol. 51
- Data‐driven platelet inventory management under uncertainty in the remaining shelf life of units
  1 October 2022 | Production and Operations Management, Vol. 31, No. 10
- Minimizing Multimodular Functions and Allocating Capacity in Bike-Sharing Systems
  Daniel Freund,
  Shane G. Henderson,
  David B. Shmoys
  23 June 2022 | Operations Research, Vol. 70, No. 5
- Offering Free Upgrades Even Before Stocks Run Out: The Value of Proactive Upgrades
  David Chen,
  Christopher S. Tang,
  Huihui Wang,
  Rowan Wang,
  Yimin Yu
  9 March 2022 | Manufacturing & Service Operations Management, Vol. 24, No. 4
- Smart Policies for Multisource Inventory Systems and General Tandem Queues with Order Tracking and Expediting
  Jing-Sheng Song,
  Li Xiao,
  Hanqin Zhang,
  Paul Zipkin
  21 July 2021 | Operations Research, Vol. 70, No. 4
- Dual sourcing: Creating and utilizing flexible capacities with a second supply source
  1 July 2022 | Production and Operations Management, Vol. 31, No. 7
- Capacity management for a leasing system with different equipment and batch demands
  1 July 2022 | Production and Operations Management, Vol. 31, No. 7
- Predictive Analysis of End to End Inventory Management System for Perishable Goods
- Managing hospital platelet inventory with mid‐cycle expedited replenishments and returns
  1 May 2022 | Production and Operations Management, Vol. 31, No. 5
- Integrated production and renewable energy generation in the presence of hydrogen energy storage
  1 May 2022 | Production and Operations Management, Vol. 31, No. 5
- Separation of Perishable Inventories in Offline Retailing Through Transshipment
  Qing Li,
  Peiwen Yu,
  Lilun Du
  21 December 2021 | Operations Research, Vol. 70, No. 2
- Multi-index base-stock policy for inventory systems with multiple capacitated suppliers
  18 November 2021 | OR Spectrum, Vol. 44, No. 1
- Optimal pricing strategy: How to sell to strategic consumers?
  International Journal of Production Economics, Vol. 244
- Coordinating Inventory and Pricing Decisions Under Total Minimum Commitment Contracts
  1 February 2022 | Production and Operations Management, Vol. 31, No. 2
- Integrated Multiresource Capacity Planning and Multitype Patient Scheduling
  Liping Zhou,
  Na Geng,
  Zhibin Jiang,
  Shan Jiang
  18 March 2021 | INFORMS Journal on Computing, Vol. 34, No. 1
- Inventory Control with Censored Demand
  12 April 2022
- Cope with the COVID-19 pandemic: Dynamic bed allocation and patient subsidization in a public healthcare system
  International Journal of Production Economics, Vol. 243
- Comparative Statics Analysis of An Inventory Management Model with Dynamic Pricing, Market Environment Fluctuation, and Delayed Differentiation
  1 January 2022 | Production and Operations Management, Vol. 31, No. 1
- Optimal Dual-Sourcing Policies for Backlogging and Lost-sales Inventory Systems with Uncertain Lead Times and Order Tracking
  SSRN Electronic Journal, Vol. 56
- Competitive Option Offerings Under Supply Disruptions
  SSRN Electronic Journal, Vol. 65
- Robust inventory management with multiple supply sources
  European Journal of Operational Research, Vol. 295, No. 2
- Managing a Hybrid RDC‐DC Inventory System
  1 October 2021 | Production and Operations Management, Vol. 30, No. 10
- Managing Perishable Inventory Systems with Age‐differentiated Demand
  1 October 2021 | Production and Operations Management, Vol. 30, No. 10
- Warehousing platform’s revenue management: A dynamic model of coordinating space allocation for self-use and rent
  European Journal of Operational Research, Vol. 293, No. 1
- Multiperiod Portfolio Procurement Problem With Option Contracts
  IEEE Transactions on Engineering Management, Vol. 68, No. 4
- Technical Note—Preservation of Additive Convexity and Its Applications in Stochastic Optimization Problems
  Xiting Gong,
  Tong Wang
  5 March 2021 | Operations Research, Vol. 69, No. 4
- Dynamic advance scheduling of outpatient appointments in a moving booking window
  European Journal of Operational Research, Vol. 292, No. 2
- The secretary problem with multiple job vacancies and batch candidate arrivals
  Operations Research Letters, Vol. 49, No. 4
- Dynamic Admission Quota Control With Controllable and Uncontrollable Demands and Random Service Time
  IEEE Transactions on Automatic Control, Vol. 66, No. 6
- Discrete Convex Analysis and Its Applications in Operations: A Survey
  1 June 2021 | Production and Operations Management, Vol. 30, No. 6
- On basic operations related to network induction of discrete convex functions
  15 September 2020 | Optimization Methods and Software, Vol. 36, No. 2-3
- Dynamic Contract under Quick Response in a Supply Chain with Information Asymmetry
  1 May 2021 | Production and Operations Management, Vol. 30, No. 5
- Multiseason production planning under export quotas
  6 November 2020 | Naval Research Logistics (NRL), Vol. 68, No. 3
- Optimal structure of joint inventory-pricing management with dual suppliers and different lead times
  Journal of Management Science and Engineering, Vol. 6, No. 1
- Comparing policies for the stochastic multi-period dual sourcing problem from a supply chain perspective
  International Journal of Production Economics, Vol. 232
- Optimal production decisions in biopharmaceutical fill-and-finish operations
  30 June 2020 | IISE Transactions, Vol. 53, No. 2
- Data-Driven Platelet Inventory Management Under Uncertainty in the Remaining Shelf-Life of Units
  SSRN Electronic Journal, Vol. 28
- Patient-Controlled use of Non-Physician Providers: Appointment Scheduling in Mixed-Provider Settings
  SSRN Electronic Journal, Vol. 28
- Dual-Sourcing, Dual-Mode Dynamic Stochastic Inventory Models: A Review
  SSRN Electronic Journal, Vol. 56
- Reducing risks in spare parts service contracts with a long downtime constraint
  28 December 2020 | IISE Transactions, Vol. 13
- Simple Policies with Provable Bounds for Managing Perishable Inventory
  1 November 2020 | Production and Operations Management, Vol. 29, No. 11
- Optimal policies for stochastic clearing systems with time‐dependent delay penalties
  20 July 2020 | Naval Research Logistics (NRL), Vol. 67, No. 7
- Optimal insertion of customers with waiting time targets
  Computers & Operations Research, Vol. 122
- Managing appointments with waiting time targets and random walk-ins
  Omega, Vol. 95
- Real-time scheduling of semi-urgent patients under waiting time targets
  13 May 2019 | International Journal of Production Research, Vol. 58, No. 4
- QMCD approach for perishability models: The ( S , s ) control policy with lead time
  10 July 2019 | IISE Transactions, Vol. 52, No. 2
- Coordinating contracts for a wind-power equipment supply chain with joint efforts on quality improvement and maintenance services
  Journal of Cleaner Production, Vol. 243
- Optimal Control of Service Systems with Heterogeneous Servers and Priority Customers
  SSRN Electronic Journal, Vol. 28
- Smart Policies for Multi-Source Inventory Systems and General Tandem Queues with Order Tracking and Expediting
  SSRN Electronic Journal, Vol. 60
- Robust Dual Sourcing Inventory Management: Optimality of Capped Dual Index Policies and Smoothing
  Jiankun Sun,
  Jan A. Van Mieghem
  11 April 2019 | Manufacturing & Service Operations Management, Vol. 21, No. 4
- A state-dependent perishability (s, S) inventory model with random batch demands
  24 July 2019 | Annals of Operations Research, Vol. 280, No. 1-2
- Managing Perishable Inventory Systems with Multiple Priority Classes
  1 September 2019 | Production and Operations Management, Vol. 28, No. 9
- Technical Note—Dynamic Optimal Policy for an Inventory System of Two Substitutable Products with Positive Replenishment Lead Times
  Youyi Feng,
  Jianjun Xu,
  Shaohui Zheng
  22 May 2019 | Operations Research, Vol. 67, No. 4
- Joint Decisions for Blood Collection and Platelet Inventory Control
  1 July 2019 | Production and Operations Management, Vol. 28, No. 7
- Managing Perishable Inventory Systems with Product Returns and Remanufacturing
  1 June 2019 | Production and Operations Management, Vol. 28, No. 6
- Managing Supply Chains with Expediting and Multiple Demand Classes
  1 May 2019 | Production and Operations Management, Vol. 28, No. 5
- ON FUNDAMENTAL OPERATIONS FOR MULTIMODULAR FUNCTIONS
  Journal of the Operations Research Society of Japan, Vol. 62, No. 2
- Technical Note—Error Noted in “Order-Based Cost Optimization in Assemble-to-Order Systems” by Lu and Song (2005)
  Mohammadreza Bolandnazar,
  Woonghee Tim Huh,
  S. Thomas McCormick,
  Kazuo Murota
  18 January 2019 | Operations Research, Vol. 67, No. 1
- Discrete Convex Optimization and Applications in Supply Chain Management
  1 June 2019
- Dual-index Policies for Serial Systems with Dual Delivery Modes and Batch Orders
  SSRN Electronic Journal, Vol. 56
- Analysis of Optimal Inventory Management for Dual Blood Products with Dual Sources
  SSRN Electronic Journal, Vol. 45
- Managing Perishable Inventory Systems with Product Returns and Remanufacturing
  SSRN Electronic Journal, Vol. 63
- Managing a Hybrid RDC-DC Inventory System
  SSRN Electronic Journal, Vol. 56
- Integrating Dynamic Pricing and Inventory Control for Fresh Agriproduct under Multinomial Logit Choice
  Mathematical Problems in Engineering, Vol. 2018
- Heuristic policies for stochastic knapsack problem with time‐varying random demand
  23 August 2018 | Applied Stochastic Models in Business and Industry, Vol. 34, No. 6
- Technical Note—Perishable Inventory Systems: Convexity Results for Base-Stock Policies and Learning Algorithms Under Censored Demand
  Huanan Zhang,
  Xiuli Chao,
  Cong Shi
  27 July 2018 | Operations Research, Vol. 66, No. 5
- Structured storage policies for energy distribution networks
  19 April 2018 | IISE Transactions, Vol. 50, No. 8
- Using imperfect advance demand information in lost-sales inventory systems with the option of returning inventory
  26 January 2018 | IISE Transactions, Vol. 50, No. 3
- Dynamic warehouse size planning with demand forecast and contract flexibility
  15 June 2017 | International Journal of Production Research, Vol. 56, No. 3
- Managing Perishable Inventory Systems with Multiple Demand Classes
  SSRN Electronic Journal, Vol. 25
- Managing Perishable Inventory Systems as Non-Perishable Ones
  SSRN Electronic Journal, Vol. 56
- Preservation of Additive Convexity and Its Applications in Stochastic Optimization Problems
  SSRN Electronic Journal, Vol. 64
- Managing Perishable Inventory Systems With Age-Differentiated Demand
  SSRN Electronic Journal, Vol. 164262
- Blood inventory management in hospitals: Considering supply and demand uncertainty and blood transshipment possibility
  Operations Research for Health Care, Vol. 15
- Dual Sourcing in a Serial System
  1 December 2017 | Production and Operations Management, Vol. 26, No. 12
- Managing Customer Arrivals in Service Systems with Multiple Identical Servers
  Christos Zacharias,
  Michael Pinedo
  23 August 2017 | Manufacturing & Service Operations Management, Vol. 19, No. 4
- Dynamic Inventory Management with Total Minimum Order Commitments and Two Supply Options
  Tong Wang,
  Xiting Gong,
  Sean X. Zhou
  17 July 2017 | Operations Research, Vol. 65, No. 5
- Managing Retail Shelf and Backroom Inventories When Demand Depends on the Shelf‐Stock Level
  1 September 2017 | Production and Operations Management, Vol. 26, No. 9
- A simple heuristic for perishable item inventory control under non-stationary stochastic demand
  7 June 2016 | International Journal of Production Research, Vol. 55, No. 7
- Optimal Policies for a Dual-Sourcing Inventory Problem with Endogenous Stochastic Lead Times
  Jing-Sheng Song,
  Li Xiao,
  Hanqin Zhang,
  Paul Zipkin
  16 December 2016 | Operations Research, Vol. 65, No. 2
- Dual Sourcing Inventory Systems: On Optimal Policies and the Value of Costless Returns
  1 February 2017 | Production and Operations Management, Vol. 26, No. 2
- Perishable Inventory Sharing in a Two-Location System
  SSRN Electronic Journal, Vol. 217
- A General Model for Inventory Management with Dual Sources: Trading Off Lead Time and Cost Differences
  SSRN Electronic Journal, Vol. 19
- Managing Perishable Inventories in Retailing: Replenishment, Clearance Sales, and Segregation
  Qing Li,
  Peiwen Yu,
  Xiaoli Wu
  9 August 2016 | Operations Research, Vol. 64, No. 6
- Continuous-Review (R, nQ) Policies for Inventory Systems with Dual Delivery Modes
  Sean X. Zhou,
  Chaolin Yang
  24 October 2016 | Operations Research, Vol. 64, No. 6
- Postponable Acceptance and Assignment: A Stochastic Dynamic Programming Approach
  Keumseok Kang,
  J. George Shanthikumar,
  Kemal Altinkemer
  18 August 2016 | Manufacturing & Service Operations Management, Vol. 18, No. 4
- On Monotonicity of the Optimal Transmission Policy in Cross-Layer Adaptive <inline-formula> <tex-math notation="LaTeX">$m$ </tex-math> </inline-formula>-QAM Modulation
  IEEE Transactions on Communications, Vol. 64, No. 9
- Joint Inventory and Markdown Management for Perishable Goods with Strategic Consumer Behavior
  Peng Hu,
  Stephen Shum,
  Man Yu
  30 December 2015 | Operations Research, Vol. 64, No. 1
- Some specially structured assemble-to-order systems
  Operations Research Letters, Vol. 44, No. 1
- Optimal Policies for a Dual-Sourcing Inventory Problem with Endogenous Stochastic Leadtimes
  SSRN Electronic Journal, Vol. 56
- Optimal inventory policy for two substitutable products with customer service objectives
  European Journal of Operational Research, Vol. 246, No. 1
- Approximation Algorithms for Perishable Inventory Systems
  Xiuli Chao,
  Xiting Gong,
  Cong Shi,
  Huanan Zhang
  8 June 2015 | Operations Research, Vol. 63, No. 3

cover image Manufacturing & Service Operations Management

Volume 16, Issue 3

Summer 2014

Pages 329-480

Article Information

Supplemental Material

Metrics

Information

Received:June 09, 2013
Accepted:February 11, 2014
Published Online:May 21, 2014

Cite as

Qing Li, Peiwen Yu (2014) Multimodularity and Its Applications in Three Stochastic Dynamic Inventory Problems. Manufacturing & Service Operations Management 16(3):455-463.

https://doi.org/10.1287/msom.2014.0488

Keywords

PDF download

Available Issues

Available Issues

Available Issues

Available Issues

Available Issues

Multimodularity and Its Applications in Three Stochastic Dynamic Inventory Problems

Supplemental Material

Volume 16, Issue 3

Article Information

Supplemental Material

Metrics

Information

Cite as

Keywords

Sign Up for INFORMS Publications Updates and News