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Diagnostic analysis of inventory systems: A Statistical Approach |
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| Authors: | Gabriel R. Bitran Arnoldo C. Hax Josep Valor-Sabatier |
| Affiliation: | Sloan School of Management, Massachusetts Institute of Technology, Cambridge, MA 02139, U.S.A. |
| Abstract: | In this paper we introduce a statistical approach to estimate the performance of inventory systems. We briefly survey the existing methods, present a stratified sampling methodology, and describe a new technique to estimate seasonal factors and safety stocks. The paper concludes with an example based on real life data. |
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