Variance vs. Standard Deviation: Variability Reduction Through Operations Reversal
We show that if the analysis of the model of Lee and Tang used standard deviation rather than variance, some nonintuitive predictions of their analysis would be eliminated.
Volume (Year): 45 (1999)
Issue (Month): 5 (May)
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- Hau L. Lee & Christopher S. Tang, 1998. "Variability Reduction Through Operations Reversal," Management Science, INFORMS, vol. 44(2), pages 162-172, February.
- Guillermo Gallego, 1998. "New Bounds and Heuristics for (Q, r) Policies," Management Science, INFORMS, vol. 44(2), pages 219-233, February.
- Richard Ehrhardt, 1979. "The Power Approximation for Computing (s, S) Inventory Policies," Management Science, INFORMS, vol. 25(8), pages 777-786, August.
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