A model is presented, based on experience from a real-world warehouser, that provides insight as to how best to optimize replenishment. Further work is proposed to explore forecasting and to calculate needed storage capacities.
inventory, replenishment models, consignment, separable convex programming, linear programming, commissions
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Semple, John and Downs, Brian, "Inventory Under Consignment" (1997). Historical Working Papers. 177.