Forecasting critical fractiles of the lead time demand distribution is an important problem for operations managers making newsvendor-type inventory decisions. In this paper, we propose a semi-parametric approach to forecasting the critical fractile when demand is serially correlated. Starting...

Many companies invest in various marketing efforts, such as price promotion and advertising, in order to attract new customers and build customer loyalty. This paper examines the problem of setting efficient inventory levels when new marketing efforts are made and product demand is...

In this paper, assuming the demand is auto-correlated time series process, we examine the inventory variation under a specific myopic ordering policy with two different forecasting techniques. Our main findings are: 1) inventory variations are usually non-stationary, which suggests inventory...