Bisi, Arnab; Dada, Maqbool; Tokdar, Surya - In: Manufacturing & Service Operations Management 13 (2011) 4, pp. 525-533
We study the stochastic multiperiod inventory problem in which demand in excess of available inventory is lost and unobserved so that demand data are censored. A Bayesian scheme is employed to dynamically update the demand distribution for the problem with storable or perishable inventory and...