ESTIMATION TECHNIQUE FOR NONSTATIONARY PARAMETERS WITH APPLICATION TO DISPOSAL OF INVENTORIES SUBJECT TO OBSOLESCENCE

被引:0
|
作者
MARTIN, GE [1 ]
WANG, MC [1 ]
机构
[1] WASHINGTON STATE UNIV,DEPT MANAGEMENT & SYST,PULLMAN,WA 99164
关键词
14;
D O I
10.1080/00207729008910504
中图分类号
TP [自动化技术、计算机技术];
学科分类号
0812 ;
摘要
In this paper we develop a parameter estimation procedure for a stochastic process when that process is non-stationary. Although the estimation procedure itself is very general, we derive the model for the particular case of a Poisson process with parameter µ(t) subject to exponential decay. We then illustrate the application of this particular model to a fundamental problem in the management of inventories subject to obsolescence, i.e. how to identify excess inventories in sufficient time to ensure that stocks are cleared before the end of the season. © 1990 Taylor & Francis Group, LLC.
引用
收藏
页码:1855 / 1868
页数:14
相关论文
共 50 条