When is it feasible to model low discrete demand by a normal distribution?

DOI10.1007/S00291-011-0278-8MaRDI QIDQ1936592zbMATH OpenOpenAlexFDO

Authors Sven Axsäter

Publication date 6 February 2013

Published in OR Spectrum (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1007/s00291-011-0278-8

zbMATH Keywords

inventory managementlow demandnormal approximationstochastic

Mathematics Subject Classification ID

Inventory, storage, reservoirs (90B05)

Recommendations

• Nonrobustness of the normal approximation of lead-time demand in a (Q,R) system
• Robustness of the normal approximation of lead-time demand in a distribution setting
• Modified normal demand distributions in (\(R, S\))-inventory control
• Estimating the lead-time demand distribution for an autocorrelated demand by the pearson system and a normal approximation
• scientific article; zbMATH DE number 502878

Cites work

• Five Popular Probability Density Functions: A Comparison in the Field of Stock-Control Models
• Foundations of inventory management
• scientific article; zbMATH DE number 3249395 (Why is no real title available?)
• Inventory control.
• Nonrobustness of the normal approximation of lead-time demand in a (Q,R) system
• Robustness of the normal approximation of lead-time demand in a distribution setting
• The Gamma Distribution and Inventory Control
• The Use of Versatile Distribution Families in Some Stochastic Inventory Calculations

Cited in

(10)

• On the calculation of safety stocks when demand is forecasted
• The value of information for price dependent demand
• Robust newsvendor problems with compound Poisson demands
• The price-setting newsvendor with Poisson demand
• Robust newsvendor problems: effect of discrete demands
• An efficient algorithm for capacitated assortment planning with stochastic demand and substitution
• Estimating the lead-time demand distribution for an autocorrelated demand by the pearson system and a normal approximation
• Robustness of the normal approximation of lead-time demand in a distribution setting
• Nonrobustness of the normal approximation of lead-time demand in a (Q,R) system
• Modified normal demand distributions in (\(R, S\))-inventory control

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