๐”– Bobbio Scriptorium
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A single-period inventory model with inventory update decision: the newsboy problem extension

โœ Scribed by Maryam Haji; Houshang Darabi


Publisher
Springer
Year
2009
Tongue
English
Weight
298 KB
Volume
47
Category
Article
ISSN
0268-3768

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We consider the application of the Bayesian approach to parameter estimation to the single period inventory model. We assume complete prior ignorance of the values that the (single) unknown parameter of the demand distribution might take and express this by using a uniform prior over the permitted r