Lariviere, Martin A.; Porteus, Evan L. - In: Management Science 45 (1999) 3, pp. 346-363
Retailers are frequently uncertain about the underlying demand distribution of a new product. When taking the empirical Bayesian approach of Scarf (1959), they simultaneously stock the product over time and learn about the distribution. Assuming that unmet demand is lost and unobserved, this...
