AN INVENTORY MODEL WITH CONTAGIOUS DEMAND DISTRIBUTION

Abstract

The thesis applies the notion of contagious distributions in the inventory control of new products and seasonal or style goods, which have an underlying 'true contagion' for their demands, viz, the influence of past demands on future occurrence of demands. A contagious distribution is derived by assuming a modified Poisson process where the demand rate at any instant of time depends on the past demands. A discussion on estimation of the various parameters of the contagious distribution is included. Using this contagious distribution, a multi-period inventory model is discussed for new product lines with a 'fixed periodic review policy.'

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Document Details

Document Type
Technical Report
Publication Date
Aug 01, 1969
Accession Number
AD0694458

Entities

People

  • Arunachalam Ravindran

Organizations

  • University of California, Berkeley

Tags

Communities of Interest

  • Biomedical
  • Materials and Manufacturing Processes

DTIC Thesaurus Topics

  • Algorithms
  • California
  • Differential Equations
  • Equations
  • Estimators
  • Information Processing
  • Inventory Control
  • Mathematical Models
  • New Jersey
  • New York
  • Operations Research
  • Probability
  • Probability Distributions
  • Procurement
  • Random Variables
  • United States
  • Universities

Readers

  • Economics
  • Operations Research
  • Statistical inference.