Dynamic inventory management with learning about the demand distribution and substitution probability

Manufacturing and Service Operations Management

Volumn 10, Issue 2, 2008, Pages 236-256

  Chen, Li ^a   Plambeck, Erica L ^b  

^a TrueDemand Inc   (United States)

^b STANFORD UNIVERSITY   (United States)

Author keywords

Bayesian dynamic programming; Bayesian inventory management; Make to stock queue; Maximum likelihood estimator; Optimal inventory control; Substitution probability; Unknown demand distribution; Unobserved lost sales

Indexed keywords

BAYESIAN DYNAMIC PROGRAMMING; BAYESIAN INVENTORY MANAGEMENT; MAKE-TO-STOCK QUEUE; MAXIMUM LIKELIHOOD ESTIMATOR; OPTIMAL INVENTORY CONTROL; SUBSTITUTION PROBABILITY; UNKNOWN DEMAND DISTRIBUTION; UNOBSERVED LOST SALES;

BAYESIAN NETWORKS; BLOCK CODES; CUSTOMER SATISFACTION; DYNAMIC PROGRAMMING; INVENTORY CONTROL; MAXIMUM LIKELIHOOD; OPTIMIZATION; PARAMETER ESTIMATION; PROBABILITY; SYSTEMS ENGINEERING;

SALES;

EID: 61349183156     PISSN: 15234614     EISSN: 15265498     Source Type: Journal    
DOI: 10.1287/msom.1070.0165     Document Type: Article

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