Optimal Inventory Policies when the Demand Distribution is not Known /

This paper analyzes the stochastic inventory control problem when the demand distribution is not known. In contrast to previous Bayesian inventory models, this paper adopts a non-parametric Bayesian approach in which the firm's prior information is characterized by a Dirichlet process prior. Th...

Disgrifiad llawn

Manylion Llyfryddiaeth
Prif Awdur: Larson, Erik
Awduron Eraill: Olson, Lars, Sharma, Sunil
Fformat: Cylchgrawn
Iaith:English
Cyhoeddwyd: Washington, D.C. : International Monetary Fund, 2000.
Cyfres:IMF Working Papers; Working Paper ; No. 2000/183
Pynciau:
Mynediad Ar-lein:Full text available on IMF