Jaison, Absolom
(2005)
*Single Period Inventory Models for Products whose Demand Follows Compound Distributions.*
UNSPECIFIED thesis, UNSPECIFIED.

## Abstract

Up to this point, the Single Period Inventory models developed have focused on a product whose demand distribution in a single period is some simple classical distribution like the normal distribution, log-normal distribution, etc. These models are silent on the fact that the number of customers visiting a retail outlet to demand the product is a random variable with some probability distribution, typically the Poison distribution (for this project). In this thesis, a model that assumes that the number of customers visiting a retail outlet during a single period is Poison distributed is developed; each customer's demand for the product in turn is assumed to be a random variable X that follows some known distribution D ( Ã¨ ), where Ã¨ is the parametric vector for the distribution.

Item Type: | Thesis (UNSPECIFIED) |
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Uncontrolled Keywords: | probability distribution,inventory models,single-period inventory models,models |

Subjects: | UNSPECIFIED |

Divisions: | Universities > State Universities > University of Zimbabwe |

Depositing User: | Mr. Evans Katiyo |

Date Deposited: | 07 Dec 2015 00:31 |

Last Modified: | 07 Dec 2015 00:31 |

URI: | http://researchdatabase.ac.zw/id/eprint/1547 |

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