Inventory model using bayesian dynamic linear model for demand forecasting
نویسندگان
چکیده
منابع مشابه
mortality forecasting based on lee-carter model
over the past decades a number of approaches have been applied for forecasting mortality. in 1992, a new method for long-run forecast of the level and age pattern of mortality was published by lee and carter. this method was welcomed by many authors so it was extended through a wider class of generalized, parametric and nonlinear model. this model represents one of the most influential recent d...
15 صفحه اولForecasting in Dynamic Factor Models Using Bayesian Model Averaging
This paper considers the problem of forecasting in dynamic factor models using Bayesian model averaging. Theoretical justi cations for averaging across models, as opposed to selecting a single model, are given. Practical methods for implementing Bayesian model averaging with factor models are described. These methods involve algorithms which simulate from the space de ned by all possible models...
متن کاملTourism Demand Forecasting Model Using Neural Network
Travel agencies should be able to judge the market demand for tourism to develop sales plans accordingly. However, many travel agencies lack the ability to judge the market demand for tourism, and thus make risky business decisions. Based on the above, this study applied the Artificial Neural Network combined with the Genetic Algorithm (GA) to establish a prediction model of air ticket sales re...
متن کاملA Bayesian approach to a dynamic inventory model under an unknown demand distribution
In this paper, the Bayesian approach to demand estimation is outlined for the cases of stationary as well as non-stationary demand. The optimal policy is derived for an inventory model that allows stock disposal, and is shown to be the solution of a dynamic programming backward recursion. Then, a method is given to search for the optimal order level around the myopic order level. Finally, a num...
متن کاملProduction Inventory Model with Different Deterioration Rates Under Linear Demand
A production inventory model with linear trend in demand is developed. Different deterioration rates are considered in a cycle. Shortages not allowed. To illustrate the model numerical example is provided and sensitivity analysis is also carried out for parameters.
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Ingeniería Investigación y Desarrollo
سال: 2014
ISSN: 2422-4324,1900-771X
DOI: 10.19053/1900771x.3937