Foundations of Stochastic Inventory TheoryIn 1958, Stanford University Press published Studies in the Mathematical Theory of Inventory and Production (edited by Kenneth J. Arrow, Samuel Karlin, and Herbert Scarf), which became the pioneering road map for the next forty years of research in this area. One of the outgrowths of this research was development of the field of supply chain management, which deals with the ways organizations can achieve competitive advantage by coordinating the