Inventory accumulation with multiple products

zbMATH Open1386.60124arXiv1607.01762MaRDI QIDQ4601282FDOQ4601282

Authors: Cheng Mao, Tianyou Zhou 

Publication date: 15 January 2018

Abstract: Sheffield (2011) proposed an inventory accumulation model with two types of products to study the critical Fortuin-Kasteleyn model on a random planar map, and showed that a two-dimensional inventory accumulation trajectory in the discrete model scales to a correlated planar Brownian motion. In this work, we generalize the inventory model to $k$ types of products for any integer $kge2$, and prove that the corresponding trajectory scales to a $k$-dimensional Brownian motion with an appropriate covariance matrix.

Full work available at URL: https://arxiv.org/abs/1607.01762

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zbMATH Keywords

Brownian motionrandom walksscaling limitsinventory accumulationfirst-in-last-out models

Mathematics Subject Classification ID

Sums of independent random variables; random walks (60G50) Functional limit theorems; invariance principles (60F17)

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Cited In (1)

• Inventory of differential items selling at two shops under single management.

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