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Horizon Length and Portfolio Risk

✍ Scribed by Christian Gollier; Richard J. Zeckhauser


Book ID
110340414
Publisher
Springer
Year
2002
Tongue
English
Weight
111 KB
Volume
24
Category
Article
ISSN
0895-5646

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Average fill rate and horizon length
✍ Arunava Banerjee; Anand Paul πŸ“‚ Article πŸ“… 2005 πŸ› Elsevier Science 🌐 English βš– 169 KB

Given a sequence of independent and identically distributed demands and an order up to replenishment policy with negligible lead time, we prove that average fill rate is monotonically decreasing in the number of periods in the planning horizon. This was conjectured to be true in a recent issue of th