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A generalization of the inventory pooling effect to nonnormal dependent demand

Authors :
Corbett, Charles J.
Rajaram, Kumar
Source :
Manufacturing & Service Operations Management. Fall, 2006, Vol. 8 Issue 4, p351, 8 p.
Publication Year :
2006

Abstract

Eppen (1979) showed that inventory costs in a centralized system increase with the correlation between multivariate normal product demands. Using multivariate stochastic orders, we generalize this statement to arbitrary distributions. [...]

Details

Language :
English
ISSN :
15234614
Volume :
8
Issue :
4
Database :
Gale General OneFile
Journal :
Manufacturing & Service Operations Management
Publication Type :
Academic Journal
Accession number :
edsgcl.153402762