A Censored-Data Multiperiod Inventory Problem with Newsvendor Demand Distributions

Manufacturing & Service Operations Management, pp. 525-533, 2011.

Cited by: 9|Views5


We study the stochastic multiperiod inventory problem in which demand in excess of available inventory is lost and unobserved so that demand data are censored. A Bayesian scheme is employed to dynamically update the demand distribution for the problem with storable or perishable inventory and with exogenous or endogenous price. We show th...More



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