Bayesian Inventory Planning with Imperfect Demand Estimation in Online Flash Sale.
Ted Tao YuanMichelle CaiDaniel KaoPublished in: ICORES (2016)
Keyphrases
- lead time
- inventory control
- inventory management
- assembly systems
- bayesian estimation
- capacity planning
- stochastic demand
- inventory systems
- online learning
- lost sales
- lot size
- revenue management
- dynamic pricing
- periodic review
- supply chain
- planning horizon
- production planning
- planning problems
- heuristic search
- production cost
- group buying
- inventory level
- multi item
- single product
- demand forecasting
- profit maximization
- holding cost
- single period
- base stock policies
- decision making
- probability distribution
- posterior probability
- inventory policy
- replenishment policy
- bayesian networks
- bullwhip effect
- production inventory
- state space
- parameter estimation
- single stage
- online auctions
- inventory models
- decision theory
- service level
- pricing strategies
- finite horizon
- single item
- real time