@inproceedings{a06391e25a284094b821c0e34293b512,
title = "Improvement of inventory control under parametric uncertainty and constraints",
abstract = "The aim of the present paper is to show how the statistical inference equivalence principle (SIEP), the idea of which belongs to the authors, may be employed in the particular case of finding the effective statistical decisions for the multi-product inventory problems with constraints. To our knowledge, no analytical or efficient numerical method for finding the optimal policies under parametric uncertainty for the multi-product inventory problems with constraints has been reported in the literature. Using the (equivalent) predictive distributions, this paper represents an extension of analytical results obtained for unconstrained optimization under parametric uncertainty to the case of constrained optimization. A numerical example is given.",
keywords = "constraints, equivalent predictive inferences, Inventory problem, parametric uncertainty, pivotal quantity",
author = "Nicholas Nechval and Konstantin Nechval and Maris Purgailis and Uldis Rozevskis",
year = "2011",
doi = "10.1007/978-3-642-20267-4\_15",
language = "English",
isbn = "9783642202667",
series = "Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics)",
number = "PART 2",
pages = "136--146",
booktitle = "Adaptive and Natural Computing Algorithms - 10th International Conference, ICANNGA 2011, Proceedings",
edition = "PART 2",
note = "10th International Conference on Adaptive and Natural Computing Algorithms, ICANNGA 2011 ; Conference date: 14-04-2011 Through 16-04-2011",
}