Advanced Inventory Management

Research

Redefining inventory management for global supply chains

What is advanced inventory management?

Our research line in Advanced Inventory Management focuses on designing optimal policies for procurement, storage, and distribution, integrating key variables such as uncertainty, cost, seasonality, and sustainability.

At ZLC, we work to enhance the performance of global supply chains through mathematical modeling, simulations, and applied analytical tools.

Our research has a strong practical orientation: it begins in the classroom, develops in the laboratory, and is implemented in industry. The outcomes of this group have a strong impact, particularly in sectors such as automotive, retail, energy, and large-scale distribution—where inventory decisions make the difference in profitability and competitiveness.

Main Researcher

Dr. Mustafa Çagri Gürbüz

Professor of Supply Chain Management ...

Main Achievements

Next generation Technologies for networked Europe

The aim of the project is to put in place a cross-sectoral and cross-technological initiative at European level to increase integration between production and distribution proposing research and innovation priorities for the future of supply chain. In particular, the project will develop a Strategic Research Agenda (SRA), where the effort of different communities like EFFRA, […]

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Towards growth for business by flexible processing in customer-driven value chains

INSPIRE aims at increasing the competitiveness of European manufacturing which depends on producing differentiated and high added value products in an efficient and sustainable manner, with reduced production costs, increased product quality, minimised time to market and optimized strategies towards resource efficiency. The main focus of this project is the development of innovative business models […]

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Papers

A three-objective stochastic location-inventory-routing model for agricultural waste-based biofuel supply chain

Single-Period Stochastic Demand Fulfillment in Customer Hierarchies

Fleischmann, M., Kloos, K., Noury, M., Pibernik, R. Single-Period Stochastic Demand Fulfillment in Customer Hierarchies. Journal of Transportation Security | Vol. 286 (1), October 2020 | pp. 250-266 | 2020.

Optimal Spot Trading Integrated with Quantity Flexibility Contracts

Xu, J., Gürbüz, Ç., Feng, Y., Chen, S. Optimal Spot Trading Integrated with Quantity Flexibility Contracts. Production and Operations Management, Vol.29 (6), June 2020 | pp. 1532 – 1549.

Heuristic approaches for a two-echelon constrained joint replenishment and delivery problem

Carvajal, J., Castaño, F., Sarache, W., Costa, Y. Heuristic approaches for a two-echelon constrained joint replenishment and delivery problem. International Journal of Production Economics. Vol. 220, February 2020 | article N. 107420

Allocation planning under service-level Contracts

Kloos, K., Pibernik R. Allocation planning under service-level Contracts. European Journal of Operational Research, Vol. 208 (1), January 2020, pp. 203-218.

Is it fake? Using potentially low Quality suppliers as back-up when genuine suppliers are unavailable

Wagner, L., Gürbüz, M.C., Parlar, M. Is it fake? Using potentially low Quality suppliers as back-up when genuine suppliers are unavailable.International Journal of Production Economics, Vol. 213, July 2019, pp. 185-200.

Profitability of Service-Level-Based Price Differentiation with Inventory Rationing

Schulte, B., Pibernik, R., Profitability of Service-Level-Based Price Differentiation with Inventory Rationing, Production and Operations Management, 26 (5), 2017, 903-923

On the cost of capital of inventory models with deterministic Demand

Serrano, A., Oliva, R., Kraiselburd, S. On the cost of capital of inventory models with deterministic Demand. International Journal of Production Economics, Vol.183 (Part A), January 2017, pp. 14–20

Maverick buying: Eliminate, participate, leverage?

Rothkopf,A., Pibernik, R., Maverick buying: Eliminate, participate, leverage?, International Journal of Production Economics, September 2016, Vol. 179, pp 77-89

Information reliability in supply chains: the case of multiple retailers

Spiliotopoulou, E., Donohue, K., Gürbüz, MG. Information reliability in supply chains: the case of multiple retailers, Production & Operations Management. Special Issue on Multi-methodological Research in Production and Operations Management, Vol. 25 (3), March 2016, pp. 548–567

Analizing a lost-sale stochastic inventory model with Markov-modulated demands: A simulation-based optimization study

Diaz, R., Bailey, M.P., Kumar, S. Analizing a lost-sale stochastic inventory model with Markov-modulated demands: A simulation-based optimization study, Journal of Manufacturing Systems, Vol. 38, 2016, pp. 1-12

Optimal Inventory Policy for Two Substitutable Products with Customer Service Objectives

Chen, X., Feng, Y., Keblis, MF., Xu, J. Optimal Inventory Policy for Two Substitutable Products with Customer Service Objectives. European Journal of Operational Research, Vol. 246 (1), October 2015, pp 76-85

Service Differentiation in a single-period inventory model with numerous customer classes

Schulte, B., Pibernik, R. Service Differentiation in a single-period inventory model with numerous customer classes, OR Spectrum (2016), October 2016, Vol. 38 (4), pp 921-948

Coordinated Replenishment Strategies in Inventory/Distribution Systems

Mustafa Çagri Gürbüz, Kamran Moinzadeh, Yong-Pin Zhou, Coordinated Replenishment Strategies in Inventory/Distribution Systems, Management Science, Vol. 53 (2) (2007) 293–307

Supplier diversification under binomial yield

Fadıloglu M., Berk E., Gürbüz Ç., Supplier diversification under binomial yield, Operations Research Letters, Vol. 36 (2008) 539–542

Optimal Production and Rationing Policy of a Make-To-Stock Production System with Batch Demand

Xu J., Chen S., Linn B., Bhatnagar R. Optimal Production and Rationing Policy of a Make-To-Stock Production System with Batch Demand, Operations Research Letters, Vol. 38 (2010) 231-235

Note on the optimality of policies for inventory systems with two demand classes

Chen S., Xu J., Note on the optimality of policies for inventory systems with two demand classes, Operations Research Letters, Vol. 38 (5) (2010) 450 - 453

A Partial Characterization of the Optimal Ordering/Rationing Policy for a Periodic Review System with Two Demand Classes and Backordering

Chen S., Xu J., Feng Y., A Partial Characterization of the Optimal Ordering/Rationing Policy for a Periodic Review System with Two Demand Classes and Backordering, Naval Research Logistics Quarterly, Vol. 57 (4) (2010) 330-341