A Nonparametric Asymptotic Analysis of Inventory Planning with Censored Demand
نویسندگان
چکیده
منابع مشابه
A Nonparametric Asymptotic Analysis of Inventory Planning with Censored Demand
We study stochastic inventory planning with lost sales and instantaneous replenishment, where contrary to the classical inventory theory, the knowledge of the demand distribution is not available. Furthermore, we observe only the sales quantity in each period, and lost sales are unobservable, that is, demand data are censored. The manager must make an ordering decision in each period based only...
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We study stochastic inventory planning with lost sales, where contrary to classical inventory theory, the knowledge of the demand distribution is not available a priori. While the manager observes the sales quantities in each period, lost sales are unobservable, i.e., demand data is censored. The decision in each period depends only on historical sales data. Excess inventory is either perishabl...
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In a newsvendor inventory system, demand observations often get right censored when there are lost sales and no backordering. Demands for newsvendor-type products are often forecasted from censored observations. The Kaplan-Meier product limit estimator is the well-known nonparametric method to deal with censored data, but it is undefined beyond the largest observation if it is censored. To addr...
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We propose a nonparametric data-driven algorithm called DDM for the management of stochastic periodicreview multi-product inventory systems with a warehouse-capacity constraint. The demand distribution is not known a priori and the firm only has access to past sales data (often referred to as censored demand data). We measure performance of DDM through regret, the difference between the total e...
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We consider the classical joint pricing and inventory control problem with lost-sales and censored demand in which the customer’s response to selling price and the demand distribution are not known a priori, and the only available information for decision-making is the past sales data. Conventional approaches, such as stochastic approximation, online convex optimization, and continuum-armed ban...
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ژورنال
عنوان ژورنال: Mathematics of Operations Research
سال: 2009
ISSN: 0364-765X,1526-5471
DOI: 10.1287/moor.1080.0355