Optimal Inventory Policies when the Demand Distribution is not Known /

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...

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Bibliografiske detaljer
Hovedforfatter:	Larson, Erik
Andre forfattere:	Olson, Lars, Sharma, Sunil
Format:	Tidsskrift
Sprog:	English
Udgivet:	Washington, D.C. : International Monetary Fund, 2000.
Serier:	IMF Working Papers; Working Paper ; No. 2000/183
Fag:	Bayesian Analysis Distribution Function Non-Bank Financial Institutions Pension Funds WP
Online adgang:	Full text available on IMF

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