Estimating Achievable Capacity Index based on Multiple Samples

This paper investigates the profitability which measures for the newsboy-type product and develops a new index “Achievable Capacity Index”, denoted by. It can accurately measure the profitability of newsboy-type product with normally distributed demand. Furthermore, the interrelationship between pro...

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Bibliographic Details
Published in:Procedia, social and behavioral sciences social and behavioral sciences, 2011, Vol.25, p.170-177
Main Authors: Wang, Tsung-Yin, Liou, Cheng-Hwai, Su, Rung-Hung, Yang, Dong-Yuh
Format: Article
Language:English
Subjects:
achievable capacity index
estimating
multiple samples
Newsboy
Citations: Items that this one cites
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Summary:This paper investigates the profitability which measures for the newsboy-type product and develops a new index “Achievable Capacity Index”, denoted by. It can accurately measure the profitability of newsboy-type product with normally distributed demand. Furthermore, the interrelationship between profitability and is also performed. An unbiased and effective estimator is derived to estimate. Practically, market information regarding demand is obtained from multiple samples rather than single sample. Then we estimate IA based on multiple samples. Finally, a numerical result is presented to show the probability density function of the unbiased estimator of IA under different groups and sample sizes.
ISSN:1877-0428
1877-0428
DOI:10.1016/j.sbspro.2011.10.538