250
Views
8
CrossRef citations to date
0
Altmetric
Original Articles

INAR implementation of newsvendor model for serially dependent demand counts

&
Pages 1085-1099 | Received 19 Feb 2016, Accepted 22 Jul 2016, Published online: 16 Aug 2016

References

  • Abdulwahab, U., and M. I. M. Wahab. 2014. “Approximate Dynamic Programming Modeling for a Typical Blood Platelet Bank.” Computers & Industrial Engineering 78: 259–270.
  • Ali, M. M., and J. E. Boylan. 2012. “On the Effect of Non-optimal Forecasting Methods on Supply Chain Downstream Demand.” IMA Journal of Management Mathematics 23 (1): 81–98.
  • Al-Osh, M. A., and A. A. Alzaid. 1987. “First-order Integer-valued Autoregressive (INAR(1)) Process.” Journal of Time Series Analysis 8 (3): 261–275.
  • Alwan, L. C., J. J. Liu, and D. Q. Yao. 2003. “Stochastic Characterization of Upstream Demand Processes in a Supply Chain.” IIE Transactions 35 (3): 207–219.
  • Alwan, L. C., J. J. Liu, and D. Q. Yao. 2008. “Forecast Facilitated Lot-for-lot Ordering in the Presence of Autocorrelated Demand.” Computers & Industrial Engineering 54 (4): 840–850.
  • Alwan, L. C., M. Xu, D. Q. Yao, and X. Yue. 2016. “The Dynamic Newsvendor Model with Correlated Demand.” Decision Sciences 47 (1): 11–30.
  • Aviv, Y. 2003. “A Time-series Framework for Supply-chain Inventory Management.” Operations Research 51 (2): 210–227.
  • Babai, M. Z., M. M. Ali, J. E. Boylan, and A. A. Syntetos. 2013. “Forecasting and Inventory Performance in a Two-stages Supply Chain with ARIMA(0,1,1) Demand: Theory and Empirical Analysis.” International Journal of Production Economics 143 (2): 462–471.
  • Böckenholt, U. 1999. “Mixed INAR(1) Poisson Regression Models: Analyzing Heterogeneity and Serial Dependencies in Longitudinal Count Data.” Journal of Econometrics 89 (1–2): 317–338.
  • Cachon, G. P., and M. Fisher. 2000. “Supply Chain Inventory Management and the Value of Shared Information.” Management Science 46 (8): 1032–1048.
  • Chen, F. Z., Z. Drezner, J. K. Ryan, and D. Simchi-Levi. 2000. “Quantifying the Bullwhip Effect in a Simple Supply Chain: The Impact of Forecasting, Lead Times, and Information.” Management Science 46 (3): 436–443.
  • Chen, F., J. K. Ryan, and D. Simchi-Levi. 2000. “The Impact of Exponential Smoothing Forecasts on the Bullwhip Effect.” Naval Research Logistics 47 (4): 269–286.
  • Cox, D. R. 1981. “Statistical Analysis of Time Series: Some Recent Developments.” Scandinavian Journal of Statistics 8: 93–115.
  • Erkip, N., W. H. Hausman, and S. Nahmias. 1990. “Optimal Centralized Ordering Policies in Multi-Echelon Inventory Systems with Correlated Demands.” Management Science 36 (3): 381–392.
  • Fotopoulos, S., M. C. Wang, and S. S. Rao. 1988. “Safety Stock Determination with Correlated Demands and Arbitrary Lead Times.” European Journal of Operational Research 35 (2): 172–181.
  • Franke, J., and T. Seligmann. 1993. “Conditional Maximum Likelihood Estimates for INAR(1) Processes and their Application to Modelling Epileptic Seizure Counts”. In Developments in Time Series Analysis, edited by T. Subba Rao, 310–330. London: Chapman & Hall.
  • Freeland, R. K., and B. P. M. McCabe. 2004a. “Analysis of Low Count Time Series Data by Poisson Autoregression.” Journal of Time Series Analysis 25 (5): 701–722.
  • Freeland, R. K., and B. P. M. McCabe. 2004b. “Forecasting Discrete Valued Low Count Time Series.” International Journal of Forecasting 20 (3): 427–434.
  • Gilbert, K. 2005. “An ARIMA Supply Chain Model.” Management Science 51 (2): 305–310.
  • Giloni, A., C. Hurvich, and S. Seshadri. 2014. “Forecasting and Information Sharing in Supply Chains under ARMA Demand.” IIE Transactions 46 (1): 35–54.
  • Graves, S. C. 1999. “A Single-item Inventory Model for a Nonstationary Demand Process.” Manufacturing and Service Operations Management 1 (1): 50–61.
  • Graves, S. C., and S. P. Willems. 2000. “Optimizing Strategic Safety Stock Placement in Supply Chains.” Manufacturing and Service Operations Management 2 (1): 68–83.
  • Jazi, M. A., G. Jones, and C.-D. Lai. 2012. “First-order Integer Valued AR Processes with Zero Inflated Poisson Innovations.” Journal of Time Series Analysis 33 (6): 954–963.
  • Johnson, G. D., and H. E. Thompson. 1975. “Optimality of Myopic Inventory Policies for Certain Dependent Demand Processes.” Management Science 21 (11): 1303–1307.
  • Kahn, J. 1987. “Inventories and the Volatility of Production.” The American Economic Review 77 (4): 667–679.
  • Karlin, S., and H. Scarf. 1958. “Inventory Models and Related Stochastic Processes.” In Studies in the Mathematical Theory of Inventory and Production, edited by K. J. Arrow, S. Karlin and H. Scarf, 319–336. Stanford, CA: Stanford University Press.
  • Lee, H. L., P. Padmanabhan, and S. Whang. 1997. “Information Distortion in a Supply Chain: The Bullwhip Effect.” Management Science 43 (4): 546–558.
  • Lee, H. L., K. C. So, and C. S. Tang. 2000. “The Value of Information Sharing in a Two-level Supply Chain.” Management Science 46 (5): 626–643.
  • Marmorstein, H., and W. Zinn. 1993. “A Conditional Effect of Autocorrelated Demand on Safety Stock Determination.” European Journal of Operational Research 68 (1): 139–142.
  • McKenzie, E. 1985. “Some Simple Models for Discrete Variate Time Series.” Water Resources Bulletin 21 (4): 645–650.
  • Mohammadipour, M., and J. E. Boylan. 2012. “Forecast Horizon Aggregation in Integer Autoregressive Moving Average (INARMA) Models.” Omega 40 (6): 703–712.
  • Pavlopoulos, H., and D. Karlis. 2008. “INAR(1) Modeling of Overdispersed Count Series with an Environmental Application.” Environmetrics 19 (4): 369–393.
  • Presman, E., and S. P. Sethi. 2006. “Inventory Models with Continuous and Poisson Demands and Discounted and Average Costs.” Production and Operations Management 15 (2): 279–293.
  • Qin, Y., R. Wang, A. J. Vakharia, Y. Chen, and M. H. Seref. 2011. “The Newsvendor Problem: Review and Directions for Future Research.” European Journal Of Operational Research 213 (2): 361–374.
  • Quddus, M. A. 2008. “Time Series Count Data Models: An Empirical Application to Traffic Accidents.” Accident Analysis and Prevention 40 (5): 1732–1741.
  • Raghunathan, S. 2001. “Information Sharing in a Supply Chain: A Note in its Value When Demand is Non-stationary.” Management Science 21 (11): 605–610.
  • R Core Team. 2014. R: A Language and Environment for Statistical Computing, Vienna, Austria: R Foundation for Statistical Computing. http://www.R-project.org/.
  • Scarf, H. 1958. “Stationary Operating Characteristics of An Inventory Model with Time Lag.” In Studies in the Mathematical Theory of Inventory and Production, edited by K. J. Arrow, S. Karlin and H. Scarf, 298–319. Stanford, CA: Stanford University Press.
  • Schweer, S., and C. H. Weiß. 2014. “Compound Poisson INAR(1) Processes: Stochastic Properties and Testing for Overdispersion.” Computational Statistics and Data Analysis 77: 267–284.
  • Song, J., and P. Zipkin. 1993. “Inventory Control in a Fluctuating Demand Environment.” Operations Research 41 (2): 351–370.
  • Steutel, F. W., and K. van Harn. 1979. “Discrete Analogues of Self-decomposability and Stability.” Annals of Probability 7 (5): 893–899.
  • Syntetos, A. A., J. E. Boylan, and S. M. Disney. 2009. “Forecasting for Inventory Planning: A 50-year Reveiw.” Journal of Operational Research Society 60: 149–160.
  • Vazifedan, T., and M. Shitan. 2012. “Modeling Polio Data using the First Order Non-negative Integer-valued Autoregressive, INAR(1), Model.” International Journal of Modern Physics: Conference Series 9: 232–239.
  • Weiß, C. H. 2007. “Controlling Correlated Processes of Poisson Counts.” Quality and Reliability Engineering International 23 (6): 741–754.
  • Weiß, C. H. 2008. “Thinning Operations for Modeling Time Series of Counts - A Survey.” Advances in Statistical Analysis 92 (3): 319–341.
  • Weiß, C. H. 2013. “Integer-valued Autoregressive Models for Counts Showing Underdispersion.” Journal of Applied Statistics 40 (9): 1931–1948.
  • Zhang, X. 2004a. “The Impact of Forecasting Methods on the Bullwhip Effect.” International Journal of Production Economics 88 (1): 15–27.
  • Zhang, X. 2004b. “Evolution of ARMA Demand in Supply Chains.” Manufacturing and Services Operations Management 6 (2): 195–198.

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.