Demand Estimation from Censored Observations with Inventory Record Inaccuracy

  title={Demand Estimation from Censored Observations with Inventory Record Inaccuracy},
  author={Adam J. Mersereau},
  journal={Manufacturing & Service Operations Management},
Corollary 4. Suppose that a) the discrepancies t are independent over time and the distribution Ht is stationary and such that Pr{ t > 0} ≥Pr{ t < 0} (and Pr{ t = 0}< 1), b) demand follows a newsvendor distribution with known g() and unknown parameter θ > 0, on which the sellers share a non-degenerate prior distribution with well-defined density, and c) the naive and tracking sellers stock the same fixed, bounded sequence of quantities 0< jt <M and experience the same realization of demands and… CONTINUE READING

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Informational dynamics of censored observations

  • D. J. Braden, M. Freimer.
  • Management Sci. 37(11)
  • 1991

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