IDEAS home Printed from https://ideas.repec.org/a/bla/stanee/v44y1990i3p105-114.html
   My bibliography  Save this article

A Bayesian learning procedure for the.(s, Q) inventory policy

Author

Listed:
  • C.G.E. Boender
  • A.H.G. Rinnooy

Abstract

We present an asymptotically optimal Bayesian learning procedure for the (s, Q) inventory policy, for the case when the probability distribution of lead time demand is unknown. This distribution is not required to be a member of a certain family, and the maximal lead time demand is also allowed to be unknown. The algorithm developed for this purpose Is an extension of a standard iterative procedure, which in its original form ‐in spite of claims to the contrary‐might produce solution values that are arbitrarily far away from the optimal one.

Suggested Citation

  • C.G.E. Boender & A.H.G. Rinnooy, 1990. "A Bayesian learning procedure for the.(s, Q) inventory policy," Statistica Neerlandica, Netherlands Society for Statistics and Operations Research, vol. 44(3), pages 105-114, September.
    • Handle: RePEc:bla:stanee:v:44:y:1990:i:3:p:105-114
    DOI: 10.1111/j.1467-9574.1990.tb01275.x
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/j.1467-9574.1990.tb01275.x
    Download Restriction: no
    File URL: https://libkey.io/10.1111/j.1467-9574.1990.tb01275.x?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:stanee:v:44:y:1990:i:3:p:105-114. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: http://www.blackwellpublishing.com/journal.asp?ref=0039-0402 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.