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Stochastic Prices in a Single-Item Inventory Purchasing Model

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Cited by:

  1. Sel, Burakhan & Minner, Stefan, 2022. "A hedging policy for seaborne forward freight markets based on probabilistic forecasts," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 166(C).
  2. Brian Tomlin, 2006. "On the Value of Mitigation and Contingency Strategies for Managing Supply Chain Disruption Risks," Management Science, INFORMS, vol. 52(5), pages 639-657, May.
  3. Magirou, Evangelos F. & Psaraftis, Harilaos N. & Bouritas, Theodore, 2015. "The economic speed of an oceangoing vessel in a dynamic setting," Transportation Research Part B: Methodological, Elsevier, vol. 76(C), pages 48-67.
  4. Youhua (Frank) Chen & Weili Xue & Jian Yang, 2013. "Technical Note---Optimal Inventory Policy in the Presence of a Long-Term Supplier and a Spot Market," Operations Research, INFORMS, vol. 61(1), pages 88-97, February.
  5. X. Guo & P. Kaminsky & P. Tomecek & M. Yuen, 2011. "Optimal spot market inventory strategies in the presence of cost and price risk," Mathematical Methods of Operations Research, Springer;Gesellschaft für Operations Research (GOR);Nederlands Genootschap voor Besliskunde (NGB), vol. 73(1), pages 109-137, February.
  6. Erdem, Asli Sencer & Ozekici, Suleyman, 2002. "Inventory models with random yield in a random environment," International Journal of Production Economics, Elsevier, vol. 78(3), pages 239-253, August.
  7. Lucy Gongtao Chen & Lawrence W. Robinson & Robin O. Roundy & Rachel Q. Zhang, 2015. "Technical Note—New Sufficient Conditions for ( s, S ) Policies to be Optimal in Systems with Multiple Uncertainties," Operations Research, INFORMS, vol. 63(1), pages 186-197, February.
  8. Gürel, Yücel & Güllü, Refik, 2019. "Effect of a secondary market on a system with random demand and uncertain costs," International Journal of Production Economics, Elsevier, vol. 209(C), pages 112-120.
  9. Xiong, Xing & Li, Yanzhi & Yang, Wenguo & Shen, Huaxiao, 2022. "Data-driven robust dual-sourcing inventory management under purchase price and demand uncertainties," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 160(C).
  10. Gavirneni, Srinagesh & Morton, Thomas E., 1999. "Inventory control under speculation: Myopic heuristics and exact procedures," European Journal of Operational Research, Elsevier, vol. 117(2), pages 211-221, September.
  11. Berling, Peter, 2008. "The capital cost of holding inventory with stochastically mean-reverting purchase price," European Journal of Operational Research, Elsevier, vol. 186(2), pages 620-636, April.
  12. Omar Besbes & Sergei Savin, 2009. "Going Bunkers: The Joint Route Selection and Refueling Problem," Manufacturing & Service Operations Management, INFORMS, vol. 11(4), pages 694-711, February.
  13. Shaposhnik, Yaron & Herer, Yale T. & Naseraldin, Hussein, 2015. "Optimal ordering for a probabilistic one-time discount," European Journal of Operational Research, Elsevier, vol. 244(3), pages 803-814.
  14. Karl Inderfurth & Peter Kelle & Rainer Kleber, 2014. "The Effect of Material Price and Product Demand Correlations on Combined Sourcing and Inventory Management," FEMM Working Papers 140013, Otto-von-Guericke University Magdeburg, Faculty of Economics and Management.
  15. Sheng, Xiaoming & Chew, Ek Peng & Lee, Loo Hay, 2015. "(s,S) policy model for liner shipping refueling and sailing speed optimization problem," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 76(C), pages 76-92.
  16. Canyakmaz, Caner & Özekici, Süleyman & Karaesmen, Fikri, 2019. "An inventory model where customer demand is dependent on a stochastic price process," International Journal of Production Economics, Elsevier, vol. 212(C), pages 139-152.
  17. Alon Dourban & Liron Yedidsion, 2017. "Optimal Purchasing Policy For Mean-Reverting Items in a Finite Horizon," Papers 1711.03188, arXiv.org.
  18. Florian Taube & Stefan Minner, 2023. "Optimal inventory control with cyclic fixed order costs," Production and Operations Management, Production and Operations Management Society, vol. 32(10), pages 3286-3294, October.
  19. Ben A. Chaouch, 2007. "Inventory control and periodic price discounting campaigns," Naval Research Logistics (NRL), John Wiley & Sons, vol. 54(1), pages 94-108, February.
  20. Ghosh, Sugoutam & Lee, Loo Hay & Ng, Szu Hui, 2015. "Bunkering decisions for a shipping liner in an uncertain environment with service contract," European Journal of Operational Research, Elsevier, vol. 244(3), pages 792-802.
  21. Canyakmaz, Caner & Özekici, Süleyman & Karaesmen, Fikri, 2024. "Risk management through financial hedging in inventory systems with stochastic price processes," International Journal of Production Economics, Elsevier, vol. 270(C).
  22. Xiaofeng Nie & Tamer Boyacı & Mehmet Gümüş & Saibal Ray & Dan Zhang, 2017. "Joint procurement and demand-side bidding strategies under price volatility," Annals of Operations Research, Springer, vol. 257(1), pages 121-165, October.
  23. Babai, M. Zied & Ivanov, Dmitry & Kwon, Oh Kang, 2023. "Optimal ordering quantity under stochastic time-dependent price and demand with a supply disruption: A solution based on the change of measure technique," Omega, Elsevier, vol. 116(C).
  24. Canyakmaz, Caner & Özekici, Süleyman & Karaesmen, Fikri, 2022. "A newsvendor problem with markup pricing in the presence of within-period price fluctuations," European Journal of Operational Research, Elsevier, vol. 301(1), pages 153-162.
  25. Hall, George & Rust, John, 2021. "Estimation of endogenously sampled time series: The case of commodity price speculation in the steel market," Journal of Econometrics, Elsevier, vol. 222(1), pages 219-243.
  26. Wagner, Laura & Gürbüz, Mustafa Ҫagri & Parlar, Mahmut, 2019. "Is it fake? Using potentially low quality suppliers as back-up when genuine suppliers are unavailable," International Journal of Production Economics, Elsevier, vol. 213(C), pages 185-200.
  27. Nicola Secomandi & Sunder Kekre, 2014. "Optimal Energy Procurement in Spot and Forward Markets," Manufacturing & Service Operations Management, INFORMS, vol. 16(2), pages 270-282, May.
  28. Peter Berling & Victor Martínez-de-Albéniz, 2011. "Optimal Inventory Policies when Purchase Price and Demand Are Stochastic," Operations Research, INFORMS, vol. 59(1), pages 109-124, February.
  29. Sandun C. Perera & Suresh P. Sethi, 2023. "A survey of stochastic inventory models with fixed costs: Optimality of (s, S) and (s, S)‐type policies—Discrete‐time case," Production and Operations Management, Production and Operations Management Society, vol. 32(1), pages 131-153, January.
  30. Liu, Yifeng & Yang, Jian, 2015. "Joint pricing-procurement control under fluctuating raw material costs," International Journal of Production Economics, Elsevier, vol. 168(C), pages 91-104.
  31. Mahdi Tajbakhsh, M. & Lee, Chi-Guhn & Zolfaghari, Saeed, 2011. "An inventory model with random discount offerings," Omega, Elsevier, vol. 39(6), pages 710-718, December.
  32. Secomandi, Nicola & Seppi, Duane J., 2014. "Real Options and Merchant Operations of Energy and Other Commodities," Foundations and Trends(R) in Technology, Information and Operations Management, now publishers, vol. 6(3-4), pages 161-331, July.
  33. Rettinger, Moritz & Mandl, Christian & Minner, Stefan, 2024. "A data-driven approach for optimal operational and financial commodity hedging," European Journal of Operational Research, Elsevier, vol. 316(1), pages 341-360.
  34. Teck-Hua Ho & Christopher S. Tang & David R. Bell, 1998. "Rational Shopping Behavior and the Option Value of Variable Pricing," Management Science, INFORMS, vol. 44(12-Part-2), pages 145-160, December.
  35. Guang Xiao & Nan Yang & Renyu Zhang, 2015. "Dynamic Pricing and Inventory Management Under Fluctuating Procurement Costs," Manufacturing & Service Operations Management, INFORMS, vol. 17(3), pages 321-334, July.
  36. Peter Berling & Kaj Rosling, 2005. "The Effects of Financial Risks on Inventory Policy," Management Science, INFORMS, vol. 51(12), pages 1804-1815, December.
  37. Larsen, Kim S. & Wøhlk, Sanne, 2010. "Competitive analysis of the online inventory problem," European Journal of Operational Research, Elsevier, vol. 207(2), pages 685-696, December.
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