An Objective Bayes Approach for Inventory Decisions
ResearchPublished 1965
A mathematical foundation for applying Bayesian analysis to inventory decision problems. The Memorandum presents an example in which significant differences were obtained when the Bayesian technique was compared to the conventional issue rate technique for recoverable item demand prediction.
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- Copyright: RAND Corporation
- Availability: Web Only
- Year: 1965
- Pages: 40
- DOI: https://doi.org/10.7249/pubs
- Document Number: RM-4362-PR
Citation
RAND Style Manual
Feeney, G. J. and Craig C. Sherbrooke, An Objective Bayes Approach for Inventory Decisions, RAND Corporation, RM-4362-PR, 1965. As of July 11, 2026: https://www.rand.org/pubs/research_memoranda/RM4362.html
Chicago Manual of Style
Feeney, G. J. and Craig C. Sherbrooke, An Objective Bayes Approach for Inventory Decisions. Santa Monica, CA: RAND Corporation, 1965. https://www.rand.org/pubs/research_memoranda/RM4362.html.
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