Estimation technique for non-stationary parameters with application to disposal of inventories subject to obsolescence
作者:
G. E. MARTIN,
MIN-CHIANG WANG,
期刊:
International Journal of Systems Science
(Taylor Available online 1990)
卷期:
Volume 21,
issue 9
页码: 1855-1868
ISSN:0020-7721
年代: 1990
DOI:10.1080/00207729008910504
出版商: Taylor & Francis Group
数据来源: Taylor
摘要:
In this paper we develop a parameter estimation procedure for a stochastic process when that process is non-stationary. Although the estimation procedure itself is very general, we derive the model for the particular case of a Poisson process with parameter µ(t) subject to exponential decay. We then illustrate the application of this particular model to a fundamental problem in the management of inventories subject to obsolescence, i.e. how to identify excess inventories in sufficient time to ensure that stocks are cleared before the end of the season.
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