Companion to “Demand Estimation from Censored Observations with Inventory Record Inaccuracy”
نویسنده
چکیده
Corollary 4. Suppose that a) the discrepancies t are independent over time and the distribution Ht is stationary and such that Pr{ t > 0} ≥Pr{ t < 0} (and Pr{ t = 0}< 1), b) demand follows a newsvendor distribution with known g() and unknown parameter θ > 0, on which the sellers share a non-degenerate prior distribution with well-defined density, and c) the naive and tracking sellers stock the same fixed, bounded sequence of quantities 0< jt <M and experience the same realization of demands and discrepancies. Then with probability approaching one as t→∞, the tracking seller’s predictive distribution of demand F̂t(·|~st,~ct ) first-order stochastically dominates the naive seller’s predictive distribution of demand F̂t(·|~st,~ct ).
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Demand Estimation from Censored Observations with Inventory Record Inaccuracy
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