Brekelmans, Ruud; Janssen, E.; Strijbosch, L.W.G. - Tilburg University, Center for Economic Research - 2006
Inventory models need some specification of the distribution of demand in order to find the optimal order-up-to level or reorder point.This distribution is unknown in real life and there are several solutions to overcome this problem.One approach is to assume a distribution, estimate its...
