Janssen, Elleke; Strijbosch, L.W.G; Brekelmans, R.C.M - 2006
Inventory models need some specification of the distribution of demand in order to find the optimal order-up-to level … approach is to assume a distribution, estimate its parameters and replace the unknown demand parameters by these estimates in … true demand distribution is indeed the assumed one. This paper directs the cause of the underperformance and quantifies it …
