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5 CONCLUSION

In this paper, we have shown that the best decision for the newsboy problem depends heavily on the choice of the dispersion measure. The "Scarf's rule" follows when assuming an exact knowledge of the variance, while another strategy follows when assuming an exact knowledge of the intermeans parameter maths.

Thereafter, we have studied the relations between maths and maths and have shown that maths for all the distributions of relevance when modeling the supply chain. Moreover, we have studied how this new measure of the dispersion can be extracted from historical data and have shown that the estimator maths doesn't behave worse than the estimator maths.

Further work must be done in order to obtain more exact results concerning the sampling distribution of maths. In particular, obtaining distribution free bounds for the bias and the dispersion of maths would be useful.

In any case, the exact identification of reduced parameters concerning the demand models seems to be questionable, and a description using larger families of pdf with confidence intervals such as maths or maths seems to be the way of a robust description of the problems to solve concerning the supply chain.


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Previous: 4 INTERMEANS PARAMETER PROPERTIES Up: Sampling Distribution of the Next: Bibliography   Contents


douillet@ensait.fr
2006-09-18