A methodology for stochastic inventory models based on a zero-adjusted Birnbaum-Saunders distribution

作者：Leiva Victor^*; Santos Neto Manoel; Cysneiros Francisco Jose A; Barros Michelli

来源：Applied Stochastic Models in Business and Industry, 2016, 32(1): 74-89.

DOI：10.1002/asmb.2124

• demand data
• financial indicators
• maximum likelihood method
• mixture distributions
• Monte Carlo simulation
• R software

The Birnbaum-Saunders (BS) distribution is receiving considerable attention. We propose a methodology for inventory logistics that allows demand data with zeros to be modeled by means of a new discrete-continuous mixture distribution, which is constructed by using a probability mass at zero and a continuous component related to the BS distribution. We obtain some properties of the new mixture distribution and conduct a simulation study to evaluate the performance of the estimators of its parameters. The methodology for stochastic inventory models considers also financial indicators. We illustrate the proposed methodology with two real-world demand data sets. It shows its potential, highlighting the convenience of using it by improving the contribution margins of a Chilean food industry.

• 出版日期2016-2