Iida, Tetsuo; Zipkin, Paul H. - In: Manufacturing & Service Operations Management 8 (2006) 4, pp. 407-425
In this paper we consider a dynamic forecast-inventory model with forecast updates, based on the martingale model of forecast evolution. Two types of updates are considered, additive and multiplicative. The formulation of the model results in a dynamic program with multidimensional state space....
