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...

Täydet tiedot

Bibliografiset tiedot
Päätekijä: Larson, Erik
Muut tekijät: Olson, Lars, Sharma, Sunil
Aineistotyyppi: Aikakauslehti
Kieli:English
Julkaistu: Washington, D.C. : International Monetary Fund, 2000.
Sarja:IMF Working Papers; Working Paper ; No. 2000/183
Aiheet:
Linkit:Full text available on IMF