Convergence of estimated optimal inventory levels in models with probabilistic demands
The behavior of estimations of the optimal inventory level is analyzed. Two models are studied. The demands follow unknown probability distribution function. The included density functions are estimated and a plug-in rule is suggested for computing estimates of the optimal levels. Two search algorit...
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| Format: | Article |
| Language: | English |
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University of Belgrade
2003-01-01
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| Series: | Yugoslav Journal of Operations Research |
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| Online Access: | http://www.doiserbia.nb.rs/img/doi/0354-0243/2003/0354-02430302217B.pdf |