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...
Príomhchruthaitheoir: | |
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Rannpháirtithe: | , |
Formáid: | IRIS |
Teanga: | English |
Foilsithe / Cruthaithe: |
Washington, D.C. :
International Monetary Fund,
2000.
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Sraith: | IMF Working Papers; Working Paper ;
No. 2000/183 |
Ábhair: | |
Rochtain ar líne: | Full text available on IMF |