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Assessing the Effects of using Demand Parameters Estimates in Inventory Control

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  • Janssen, E.

    (Tilburg University, School of Economics and Management)

  • Strijbosch, L.W.G.

    (Tilburg University, School of Economics and Management)

  • Brekelmans, R.C.M.

    (Tilburg University, School of Economics and Management)

Abstract

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Suggested Citation

  • Janssen, E. & Strijbosch, L.W.G. & Brekelmans, R.C.M., 2006. "Assessing the Effects of using Demand Parameters Estimates in Inventory Control," Other publications TiSEM e61834bf-8202-4a25-9311-f, Tilburg University, School of Economics and Management.
    • Handle: RePEc:tiu:tiutis:e61834bf-8202-4a25-9311-fd2ba9943d6d
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    1. Strijbosch, L.W.G. & Moors, J.J.A., 1999. "Simple Expressions for Safety Factors in Inventory Control," Other publications TiSEM 2f1bb350-ce71-4adf-beca-b, Tilburg University, School of Economics and Management.
    2. L W G Strijbosch & R M J Heuts & E H M van der Schoot, 2000. "A combined forecast—inventory control procedure for spare parts," Journal of the Operational Research Society, Palgrave Macmillan;The OR Society, vol. 51(10), pages 1184-1192, October.
    3. Larson, C. Erik & Olson, Lars J. & Sharma, Sunil, 2001. "Optimal Inventory Policies when the Demand Distribution Is Not Known," Journal of Economic Theory, Elsevier, vol. 101(1), pages 281-300, November.
    4. Strijbosch, L.W.G. & Moors, J.J.A. & de Kok, A.G., 1997. "On the interaction between forecasting and inventory control," Other publications TiSEM f641fa4a-dd3e-4433-b0ea-9, Tilburg University, School of Economics and Management.
    5. Strijbosch, L. W. G. & Heuts, R. M. J., 1992. "Modelling (s, Q) inventory systems: Parametric versus non-parametric approximations for the lead time demand distribution," European Journal of Operational Research, Elsevier, vol. 63(1), pages 86-101, November.
    6. Strijbosch, L.W.G. & Moors, J.J.A., 2006. "Modified normal demand distributions in (R, S)-inventory control," European Journal of Operational Research, Elsevier, vol. 172(1), pages 201-212, July.
    7. Strijbosch, L. W. G. & Moors, J. J. A., 2005. "The impact of unknown demand parameters on (R,S)-inventory control performance," European Journal of Operational Research, Elsevier, vol. 162(3), pages 805-815, May.
    8. Bulinskaya, E. V., 1990. "Inventory control in case of unknown demand distribution," Engineering Costs and Production Economics, Elsevier, vol. 19(1-3), pages 301-306, May.
    9. Anne E. Lordahl & James H. Bookbinder, 1994. "Order‐statistic calculation, costs, and service in an (s, Q) inventory system," Naval Research Logistics (NRL), John Wiley & Sons, vol. 41(1), pages 81-97, February.
    10. Silver, Edward A. & Rahnama, Mina Rasty, 1987. "Biased selection of the inventory reorder point when demand parameters are statistically estimated," Engineering Costs and Production Economics, Elsevier, vol. 12(1-4), pages 283-292, July.
    11. Katy S. Azoury, 1985. "Bayes Solution to Dynamic Inventory Models Under Unknown Demand Distribution," Management Science, INFORMS, vol. 31(9), pages 1150-1160, September.
    12. Hon‐Shiang Lau & Amy Hing‐Ling Lau, 2003. "Nonrobustness of the normal approximation of lead‐time demand in a (Q, R) system," Naval Research Logistics (NRL), John Wiley & Sons, vol. 50(2), pages 149-166, March.
    13. Katy S. Azoury & Bruce L. Miller, 1984. "A Comparison of the Optimal Ordering Levels of Bayesian and Non-Bayesian Inventory Models," Management Science, INFORMS, vol. 30(8), pages 993-1003, August.
    14. Zhaohui Zeng, Amy & Hayya, Jack C., 1999. "The performance of two popular service measures on management effectiveness in inventory control," International Journal of Production Economics, Elsevier, vol. 58(2), pages 147-158, January.
    15. John E. Tyworth & Liam O'Neill, 1997. "Robustness of the normal approximation of lead‐time demand in a distribution setting," Naval Research Logistics (NRL), John Wiley & Sons, vol. 44(2), pages 165-186, March.
    16. Syntetos, Aris A. & Boylan, John E., 2006. "On the stock control performance of intermittent demand estimators," International Journal of Production Economics, Elsevier, vol. 103(1), pages 36-47, September.
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    1. Janssen, E. & Strijbosch, L.W.G. & Brekelmans, R.C.M., 2007. "How to Determine the Order-up-to Level When Demand is Gamma Distributed with Unknown Parameters," Discussion Paper 2007-71, Tilburg University, Center for Economic Research.

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