Solving operational statistics via a Bayesian analysis
نویسندگان
چکیده
For the newsvendor inventory control problem with ambiguous demand, Liyanage and Shanthikumar (2005) show that integrating parameter estimation and optimization leads to a better solution compared with the traditional approach. However, how to find the optimal operational statistics is left as an open question in their paper. We derive the optimal operational statistics using a non-informative prior in the Bayesian analysis. ∗Author’s address: Department of Industrial Engineering and Operations Research, University of California at Berkeley, Berkeley, CA 94720, U.S.A. email: [email protected] 1
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عنوان ژورنال:
- Oper. Res. Lett.
دوره 36 شماره
صفحات -
تاریخ انتشار 2008