haku: @author Tang, C. / yhteensä: 9
viite: 3 / 9
| Tekijä: | Gurnani, H. Tang, C. |
| Otsikko: | Note: optimal ordering decisions with uncertain cost and demand forecast updating |
| Lehti: | Management Science
1999 : OCT, VOL. 45:10, p. 1456-1462 |
| Asiasana: | MANAGEMENT FORECASTING COSTS |
| Kieli: | eng |
| Tiivistelmä: | The authors determine the optimal ordering policy for a retailer who has two instants to order a seasonal product from a manufacturer prior to a single selling season. While the demand is uncertain, the retailer can improve the forecast by utilizing the market signals observed between the first and second instants. However, because of the nature of the manufacturing environment, the unit cost at the second instant is uncertain and could be higher (or lower) than the unit cost at the first instant. |
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