Achieving a Long-Term Service Target with Periodic Demand Signals: A Newsvendor Framework
Manufacturing & Service Operations Management
Unreliable newsboy problem with a forecast update
Operations Research Letters
Order postponement in a supply chain in the presence of exponential demand with gamma prior
Operations Research Letters
Bayesian solution to pricing and inventory control under unknown demand distribution
Operations Research Letters
Solving operational statistics via a Bayesian analysis
Operations Research Letters
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In this paper we provide necessary and sufficient conditions for the distribution of demand in the future to be stochastically increasing in the demand that has been observed in the past. We base our analysis on the multiperiod inventory model examined by Eppen and Iyer (1997). In the process of establishing the necessary and sufficient conditions we develop a new property called the sequential monotone likelihood ratio property.