Inventory Investment Analysis Using Biased Sampling Techniques

This paper describes the use of Biased Sampling to solve an inventory planning problem at a firm which produces plastic coated steel products. In this application, the Biased Sampling solutions provided an estimate of the inventory investment savings to be obtained from a major capital investment proposal. The problem structure, the development of biasing procedures to guide the solution process, and the computational results are presented.

• 저널Management Science · 23(12) · 1295–1306
• 토픽Advanced Manufacturing and Logistics Optimization · Industrial and Manufacturing Engineering
• DOI10.1287/mnsc.23.12.1295
• 저자William L. Berry, Myles Marcus, J. Greg Williams