IDEAS home Printed from https://ideas.repec.org/a/eee/proeco/v114y2008i2p811-819.html
   My bibliography  Save this article

The uniform distribution as a first practical approach to new product inventory management

Author

Listed:
  • Wanke, Peter F.

Abstract

No abstract is available for this item.

Suggested Citation

  • Wanke, Peter F., 2008. "The uniform distribution as a first practical approach to new product inventory management," International Journal of Production Economics, Elsevier, vol. 114(2), pages 811-819, August.
  • Handle: RePEc:eee:proeco:v:114:y:2008:i:2:p:811-819
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0925-5273(08)00121-7
    Download Restriction: Full text for ScienceDirect subscribers only
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. G. Hadley & T. M. Whitin, 1961. "A Family of Inventory Models," Management Science, INFORMS, vol. 7(4), pages 351-371, July.
    2. David J. Braden & Marshall Freimer, 1991. "Informational Dynamics of Censored Observations," Management Science, INFORMS, vol. 37(11), pages 1390-1404, November.
    3. Martin A. Lariviere & Evan L. Porteus, 1999. "Stalking Information: Bayesian Inventory Management with Unobserved Lost Sales," Management Science, INFORMS, vol. 45(3), pages 346-363, March.
    4. Vishal Gaur & Saravanan Kesavan & Ananth Raman & Marshall L. Fisher, 2007. "Estimating Demand Uncertainty Using Judgmental Forecasts," Manufacturing & Service Operations Management, INFORMS, vol. 9(4), pages 480-491, April.
    5. de Alba, Enrique & Mendoza, Manuel, 2001. "Forecasting an Accumulated Series Based on Partial Accumulation: A Bayesian Method for Short Series with Seasonal Patterns," Journal of Business & Economic Statistics, American Statistical Association, vol. 19(1), pages 95-102, January.
    6. Choi, Tsan-Ming, 2007. "Pre-season stocking and pricing decisions for fashion retailers with multiple information updating," International Journal of Production Economics, Elsevier, vol. 106(1), pages 146-170, March.
    7. Hirofumi Matsuo, 1990. "A Stochastic Sequencing Problem for Style Goods with Forecast Revisions and Hierarchical Structure," Management Science, INFORMS, vol. 36(3), pages 332-347, March.
    8. Janssen, Fred & Heuts, Ruud & de Kok, Ton, 1998. "On the (R, s, Q) inventory model when demand is modelled as a compound Bernoulli process," European Journal of Operational Research, Elsevier, vol. 104(3), pages 423-436, February.
    9. Chandrasekhar Das, 1976. "Approximate Solution to the (Q, r) Inventory Model for Gamma Lead Time Demand," Management Science, INFORMS, vol. 22(9), pages 1043-1047, May.
    10. Glen, Andrew G. & Leemis, Lawrence M. & Drew, John H., 2004. "Computing the distribution of the product of two continuous random variables," Computational Statistics & Data Analysis, Elsevier, vol. 44(3), pages 451-464, January.
    11. George R. Murray, Jr. & Edward A. Silver, 1966. "A Bayesian Analysis of the Style Goods Inventory Problem," Management Science, INFORMS, vol. 12(11), pages 785-797, July.
    12. Gary D. Eppen & Ananth. V. Iyer, 1997. "Backup Agreements in Fashion Buying---The Value of Upstream Flexibility," Management Science, INFORMS, vol. 43(11), pages 1469-1484, November.
    13. Warren H. Hausman & Rein Peterson, 1972. "Multiproduct Production Scheduling for Style Goods with Limited Capacity, Forecast Revisions and Terminal Delivery," Management Science, INFORMS, vol. 18(7), pages 370-383, March.
    14. Marshall Fisher & Kumar Rajaram & Ananth Raman, 2001. "Optimizing Inventory Replenishment of Retail Fashion Products," Manufacturing & Service Operations Management, INFORMS, vol. 3(3), pages 230-241, November.
    15. Marshall Fisher & Ananth Raman, 1996. "Reducing the Cost of Demand Uncertainty Through Accurate Response to Early Sales," Operations Research, INFORMS, vol. 44(1), pages 87-99, February.
    16. Johansen, Soren Glud & Thorstenson, Anders, 1993. "Optimal and approximate (Q, r) inventory policies with lost sales and gamma-distributed lead time," International Journal of Production Economics, Elsevier, vol. 30(1), pages 179-194, July.
    17. Mostard, Julien & de Koster, Rene & Teunter, Ruud, 2005. "The distribution-free newsboy problem with resalable returns," International Journal of Production Economics, Elsevier, vol. 97(3), pages 329-342, September.
    18. Shore, Haim, 1999. "Optimal solutions for stochastic inventory models when the lead-time demand distribution is partially specified," International Journal of Production Economics, Elsevier, vol. 59(1-3), pages 477-485, March.
    19. Choi, Tsan-Ming (Jason) & Li, Duan & Yan, Houmin, 2006. "Quick response policy with Bayesian information updates," European Journal of Operational Research, Elsevier, vol. 170(3), pages 788-808, May.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Batabyal, Amitrajeet & Beladi, Hamid, 2022. "City and Regional Demand for Vaccines Whose Supply Arises from Competition in a Bertrand Duopoly," MPRA Paper 113758, University Library of Munich, Germany, revised 28 Jun 2022.
    2. Sato, Kimitoshi & Nakashima, Kenichi, 2020. "Optimal pricing problem for a pay-per-use system based on the Internet of Things with intertemporal demand," International Journal of Production Economics, Elsevier, vol. 221(C).
    3. Mohammadivojdan, Roshanak & Merzifonluoglu, Yasemin & Geunes, Joseph, 2022. "Procurement portfolio planning for a newsvendor with supplier delivery uncertainty," European Journal of Operational Research, Elsevier, vol. 297(3), pages 917-929.
    4. Yan, Xiaoming & Liu, Ke, 2009. "Optimal control problems for a new product with word-of-mouth," International Journal of Production Economics, Elsevier, vol. 119(2), pages 402-414, June.
    5. Nilsen, Jeffrey, 2013. "Delayed production and raw materials inventory under uncertainty," International Journal of Production Economics, Elsevier, vol. 146(1), pages 337-345.
    6. Alawneh, Fawzat & Zhang, Guoqing, 2018. "Dual-channel warehouse and inventory management with stochastic demand," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 112(C), pages 84-106.
    7. Amílcar Oliveira & Teresa Oliveira & Antonio Seijas-Macías, 2018. "The uniform distribution product: an approach to the inventory model using R," Journal of Applied Statistics, Taylor & Francis Journals, vol. 45(2), pages 284-297, January.
    8. Jonek-Kowalska Izabela, 2014. "Financial aspects of changes in the level of finished goods inventory in a mining enterprise," Gospodarka Surowcami Mineralnymi / Mineral Resources Management, Sciendo, vol. 30(4), pages 1-20, December.
    9. Mohamed S. Mohamed & Haroon M. Barakat & Salem A. Alyami & Mohamed A. Abd Elgawad, 2022. "Cumulative Residual Tsallis Entropy-Based Test of Uniformity and Some New Findings," Mathematics, MDPI, vol. 10(5), pages 1-14, February.
    10. QU, Zhan & RAFF, Horst, 2023. "Two-part tariffs, inventory stockpiling, and the bullwhip effect," European Journal of Operational Research, Elsevier, vol. 308(1), pages 201-214.
    11. Das, Rubel & Hanaoka, Shinya, 2014. "Relief inventory modelling with stochastic lead-time and demand," European Journal of Operational Research, Elsevier, vol. 235(3), pages 616-623.
    12. Hanan H. Sakr & Mohamed Said Mohamed, 2024. "Sharma–Taneja–Mittal Entropy and Its Application of Obesity in Saudi Arabia," Mathematics, MDPI, vol. 12(17), pages 1-23, August.
    13. Choi, Tsan-Ming, 2018. "Launching the right new product among multiple product candidates in fashion: Optimal choice and coordination with risk consideration," International Journal of Production Economics, Elsevier, vol. 202(C), pages 162-171.
    14. Xu, Jinpeng & Jiang, Wei & Feng, Gengzhong & Tian, Jun, 2012. "Comparing improvement strategies for inventory inaccuracy in a two-echelon supply chain," European Journal of Operational Research, Elsevier, vol. 221(1), pages 213-221.
    15. Panagiotis Reklitis & Damianos P. Sakas & Panagiotis Trivellas & Giannis T. Tsoulfas, 2021. "Performance Implications of Aligning Supply Chain Practices with Competitive Advantage: Empirical Evidence from the Agri-Food Sector," Sustainability, MDPI, vol. 13(16), pages 1-21, August.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Choi, Tsan-Ming & Chow, Pui-Sze, 2008. "Mean-variance analysis of Quick Response Program," International Journal of Production Economics, Elsevier, vol. 114(2), pages 456-475, August.
    2. Choi, Tsan-Ming & Chen, Yue & Chung, Sai Ho, 2019. "Online-offline fashion franchising supply chains without channel conflicts: Choices on postponement and contracts," International Journal of Production Economics, Elsevier, vol. 215(C), pages 174-184.
    3. Cheaitou, Ali & Cheaytou, Rima, 2019. "A two-stage capacity reservation supply contract with risky supplier and forecast updating," International Journal of Production Economics, Elsevier, vol. 209(C), pages 42-60.
    4. Baruah, Pundarikaksha, 2006. "Supply Chains Facing Atypical Demand: Optimal Operational Policies And Benefits Under Information Sharing," MPRA Paper 16101, University Library of Munich, Germany.
    5. Marshall Fisher & Kumar Rajaram & Ananth Raman, 2001. "Optimizing Inventory Replenishment of Retail Fashion Products," Manufacturing & Service Operations Management, INFORMS, vol. 3(3), pages 230-241, November.
    6. Taskin, Selda & Lodree Jr., Emmett J., 2010. "Inventory decisions for emergency supplies based on hurricane count predictions," International Journal of Production Economics, Elsevier, vol. 126(1), pages 66-75, July.
    7. Nicholas C. Petruzzi & Maqbool Dada, 2002. "Dynamic pricing and inventory control with learning," Naval Research Logistics (NRL), John Wiley & Sons, vol. 49(3), pages 303-325, April.
    8. Serel, Dogan A., 2009. "Optimal ordering and pricing in a quick response system," International Journal of Production Economics, Elsevier, vol. 121(2), pages 700-714, October.
    9. Mostard, Julien & Teunter, Ruud & de Koster, René, 2011. "Forecasting demand for single-period products: A case study in the apparel industry," European Journal of Operational Research, Elsevier, vol. 211(1), pages 139-147, May.
    10. Li Chen & Adam J.Mersereau & Zhe (Frank) Wang, 2017. "Optimal Merchandise Testing with Limited Inventory," Operations Research, INFORMS, vol. 65(4), pages 968-991, August.
    11. Choi, Tsan-Ming, 2007. "Pre-season stocking and pricing decisions for fashion retailers with multiple information updating," International Journal of Production Economics, Elsevier, vol. 106(1), pages 146-170, March.
    12. Li, Xiang & Li, Yongjian & Cai, Xiaoqiang, 2011. "On a multi-period supply chain system with supplementary order opportunity," European Journal of Operational Research, Elsevier, vol. 209(3), pages 273-284, March.
    13. Nicholas C. Petruzzi & Maqbool Dada, 2001. "Information and Inventory Recourse for a Two-Market, Price-Setting Retailer," Manufacturing & Service Operations Management, INFORMS, vol. 3(3), pages 242-263, October.
    14. Chen, Haoya & Chen, Youhua (Frank) & Chiu, Chun-Hung & Choi, Tsan-Ming & Sethi, Suresh, 2010. "Coordination mechanism for the supply chain with leadtime consideration and price-dependent demand," European Journal of Operational Research, Elsevier, vol. 203(1), pages 70-80, May.
    15. Serel, Doğan A., 2012. "Multi-item quick response system with budget constraint," International Journal of Production Economics, Elsevier, vol. 137(2), pages 235-249.
    16. Karakul, M., 2008. "Joint pricing and procurement of fashion products in the existence of clearance markets," International Journal of Production Economics, Elsevier, vol. 114(2), pages 487-506, August.
    17. Agrawal, Narendra & Smith, Stephen A., 2013. "Optimal inventory management for a retail chain with diverse store demands," European Journal of Operational Research, Elsevier, vol. 225(3), pages 393-403.
    18. T-M Choi & D Li & H Yan, 2003. "Optimal two-stage ordering policy with Bayesian information updating," Journal of the Operational Research Society, Palgrave Macmillan;The OR Society, vol. 54(8), pages 846-859, August.
    19. Julia Miyaoka & Warren H. Hausman, 2008. "How Improved Forecasts Can Degrade Decentralized Supply Chains," Manufacturing & Service Operations Management, INFORMS, vol. 10(3), pages 547-562, July.
    20. Cheaitou, Ali & van Delft, Christian & Jemai, Zied & Dallery, Yves, 2014. "Optimal policy structure characterization for a two-period dual-sourcing inventory control model with forecast updating," International Journal of Production Economics, Elsevier, vol. 157(C), pages 238-249.

    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:eee:proeco:v:114:y:2008:i:2:p:811-819. 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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/ijpe .

    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.