Estimating Demand for Substitutable Products when Inventory Records are Unreliable

Estimating Demand for Substitutable Products when Inventory Records are Unreliable

We present a procedure for estimating demand for substitutable products when the inventory record is unreliable and only validated infrequently and irregularly. The procedure uses a structural model of demand and inventory progression, which is estimated using a modified version of the Expectation M...

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Bibliographic Details
Main Authors: Steeneck, Daniel, Eng-Larsson, Fredrik, Jauffred, Francisco
Format: Working Paper
Language:en_US
Published: 2016
Subjects:
demand estimation
inventory uncertainty
choice behavior
multinomial logit model
EM method
Online Access:http://hdl.handle.net/1721.1/104928

Internet

http://hdl.handle.net/1721.1/104928

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