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Applying Bayesian methodology with a uniform prior to the single period inventory model

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  • Hill, Roger M.

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  • Hill, Roger M., 1997. "Applying Bayesian methodology with a uniform prior to the single period inventory model," European Journal of Operational Research, Elsevier, vol. 98(3), pages 555-562, May.
    • Handle: RePEc:eee:ejores:v:98:y:1997:i:3:p:555-562
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    References listed on IDEAS

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    1. Popovic, Jovan B., 1987. "Decision making on stock levels in cases of uncertain demand rate," European Journal of Operational Research, Elsevier, vol. 32(2), pages 276-290, November.
    2. George R. Murray, Jr. & Edward A. Silver, 1966. "A Bayesian Analysis of the Style Goods Inventory Problem," Management Science, INFORMS, vol. 12(11), pages 785-797, July.
    3. Edward A. Silver, 1965. "Bayesian Determination of the Reorder Point of a Slow Moving Item," Operations Research, INFORMS, vol. 13(6), pages 989-997, December.
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    Citations

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    Cited by:

    1. Khouja, Moutaz, 1999. "The single-period (news-vendor) problem: literature review and suggestions for future research," Omega, Elsevier, vol. 27(5), pages 537-553, October.
    2. Berk, Emre & Gurler, Ulku & Levine, Richard A., 2007. "Bayesian demand updating in the lost sales newsvendor problem: A two-moment approximation," European Journal of Operational Research, Elsevier, vol. 182(1), pages 256-281, October.
    3. Kevork, Ilias S., 2010. "Estimating the optimal order quantity and the maximum expected profit for single-period inventory decisions," Omega, Elsevier, vol. 38(3-4), pages 218-227, June.
    4. Brito, Anderson J. & de Almeida, Adiel T., 2012. "Modeling a multi-attribute utility newsvendor with partial backlogging," European Journal of Operational Research, Elsevier, vol. 220(3), pages 820-830.
    5. E Stavrulaki & D K H Fong & D K J Lin, 2003. "Two-resource stochastic capacity planning employing a Bayesian methodology," Journal of the Operational Research Society, Palgrave Macmillan;The OR Society, vol. 54(11), pages 1198-1208, November.
    6. Biyu He & Franklin Dexter & Alex Macario & Stefanos Zenios, 2012. "The Timing of Staffing Decisions in Hospital Operating Rooms: Incorporating Workload Heterogeneity into the Newsvendor Problem," Manufacturing & Service Operations Management, INFORMS, vol. 14(1), pages 99-114, January.
    7. Halkos, George & Kevork, Ilias, 2012. "Evaluating alternative frequentist inferential approaches for optimal order quantities in the newsvendor model under exponential demand," MPRA Paper 39650, University Library of Munich, Germany.
    8. Mostard, Julien & Teunter, Ruud, 2006. "The newsboy problem with resalable returns: A single period model and case study," European Journal of Operational Research, Elsevier, vol. 169(1), pages 81-96, February.
    9. Boutselis, Petros & McNaught, Ken, 2014. "Finite-Time Horizon Logistics Decision Making Problems: Consideration of a Wider Set of Factors," Chapters from the Proceedings of the Hamburg International Conference of Logistics (HICL), in: Blecker, Thorsten & Kersten, Wolfgang & Ringle, Christian M. (ed.), Innovative Methods in Logistics and Supply Chain Management: Current Issues and Emerging Practices. Proceedings of the Hamburg International Conferenc, volume 19, pages 249-274, Hamburg University of Technology (TUHH), Institute of Business Logistics and General Management.
    10. Ye, Yuan & Lu, Yonggang & Robinson, Powell & Narayanan, Arunachalam, 2022. "An empirical Bayes approach to incorporating demand intermittency and irregularity into inventory control," European Journal of Operational Research, Elsevier, vol. 303(1), pages 255-272.
    11. Prak, Dennis & Teunter, Ruud, 2019. "A general method for addressing forecasting uncertainty in inventory models," International Journal of Forecasting, Elsevier, vol. 35(1), pages 224-238.
    12. Chongfu Huang & Da Ruan, 2008. "Fuzzy Risks and an Updating Algorithm with New Observations," Risk Analysis, John Wiley & Sons, vol. 28(3), pages 681-694, June.
    13. Mostard, Julien & Teunter, Ruud & de Koster, René, 2011. "Forecasting demand for single-period products: A case study in the apparel industry," European Journal of Operational Research, Elsevier, vol. 211(1), pages 139-147, May.
    14. Halkos, George & Kevork, Ilias, 2012. "Validity and precision of estimates in the classical newsvendor model with exponential and rayleigh demand," MPRA Paper 36460, University Library of Munich, Germany.
    15. Rossi, Roberto & Prestwich, Steven & Tarim, S. Armagan & Hnich, Brahim, 2014. "Confidence-based optimisation for the newsvendor problem under binomial, Poisson and exponential demand," European Journal of Operational Research, Elsevier, vol. 239(3), pages 674-684.
    16. Halkos, George & Kevork, Ilias, 2012. "Evaluating alternative estimators for optimal order quantities in the newsvendor model with skewed demand," MPRA Paper 36205, University Library of Munich, Germany.
    17. Phillip M. Yelland & Shinji Kim & Renée Stratulate, 2010. "A Bayesian Model for Sales Forecasting at Sun Microsystems," Interfaces, INFORMS, vol. 40(2), pages 118-129, April.
    18. K B Yoon & S Y Sohn, 2007. "Forecasting both time varying MTBF of fighter aircraft module and expected demand of minor parts," Journal of the Operational Research Society, Palgrave Macmillan;The OR Society, vol. 58(6), pages 714-719, June.
    19. Sun, Zhengwei & Hupman, Andrea C. & Abbas, Ali E., 2021. "The value of information for price dependent demand," European Journal of Operational Research, Elsevier, vol. 288(2), pages 511-522.
    20. Gel, Esma S. & Salman, F. Sibel, 2022. "Dynamic ordering decisions with approximate learning of supply yield uncertainty," International Journal of Production Economics, Elsevier, vol. 243(C).
    21. Halkos, George & Kevork, Ilias, 2011. "Non-negative demand in newsvendor models:The case of singly truncated normal samples," MPRA Paper 31842, University Library of Munich, Germany.
    22. Lee, Chih-Ming, 2008. "A Bayesian approach to determine the value of information in the newsboy problem," International Journal of Production Economics, Elsevier, vol. 112(1), pages 391-402, March.
    23. Dolgui, Alexandre & Pashkevich, Maksim, 2008. "Demand forecasting for multiple slow-moving items with short requests history and unequal demand variance," International Journal of Production Economics, Elsevier, vol. 112(2), pages 885-894, April.

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