- Gazi University Journal of Science
- Vol: 28 Issue: 1
- A new estimator for stationary distribution of the inventory model of type (s, S)
A new estimator for stationary distribution of the inventory model of type (s, S)
Authors : Esra Gokpinar, Tahir Khaniyev, Hamza Gamgam, Fikri Gokpinar
Pages : 87-101
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Publication Date : 2015-02-23
Article Type : Other
Abstract :We consider inventory model of type ( s , S ) which is used mostly in stock control policy. It is very important to know characteristics of an inventory model of type ( s, S ), such as stationary distribution. Using the straight line approach of Frees (1986a), we establish estimator for ergodic distribution of inventory model of type ( s , S ) and investigate asymptotic properties of this estimator such as consistency, asymptotic unbiasedness and asymptotic normality.Keywords : Inventory model of type (s, S), Ergodic distribution, Estimation, Consistency, Asymptotic unbiasedness, Asymptotic normality.