Estimating demand by using sales information: inaccuracies encountered

DOI10.1016/J.EJOR.2004.12.024zbMATH Open1110.90030OpenAlexW2070273741MaRDI QIDQ2503045FDOQ2503045

Authors: Ricardo Ernst, Bardia Kamrad 

Publication date: 13 September 2006

Published in: European Journal of Operational Research (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.ejor.2004.12.024

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zbMATH Keywords

demand estimationproduct substitutionnewsboy modelinventory planning

Mathematics Subject Classification ID

Production models (90B30)

Cites Work

• A Simplex Method for Function Minimization
• Title not available (Why is that?)
• The effects of selling packaged goods on inventory decisions
• Demand estimation in lost sales inventory systems
• Management of Multi-Item Retail Inventory Systems with Demand Substitution
• Estimating negative binomial demand for retail inventory management with unobservable lost sales
• Optimal ordering decisions for two substitutable products with stochastic demands
• Optimal inventory policies for substitutable commodities with stochastic demand
• Optimal and Approximate Policies in Multiperiod, Multilocation Inventory Models with Transshipments
• Optimal inventory policies under service-sensitive demand

Cited In (3)

• A stochastic dynamic pricing model for the multiclass problems in the airline industry
• Estimation of jointly normally distributed demand for cross-selling items in inventory systems with lost sales
• Evaluating alternative frequentist inferential approaches for optimal order quantities in the newsvendor model under exponential demand

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