Statistical Problems in Inventory Control.
YALE UNIV NEW HAVEN CONN SCHOOL OF ORGANIZATION AND MANAGEMENT
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As part of the on-going research program in Decision Control Models in Operations Research, this work has investigated the behavior of multi-item inventory control systems in which the underlying demand distributions are estimated from a limited sample of historical observations. Particular stress is placed on evaluating how well simple-to-use replenishment rules operate in an uncertain environment. The research approach employes both mathematical analysis and time series methods for computer simulations.
- Administration and Management
- Operations Research