2 papers
stat.AP2017
The impact of stochastic lead times on the bullwhip effect under correlated demand and moving average forecasts
Zbigniew Michna, Stephen M. Disney, Peter Nielsen
We quantify the bullwhip effect (which measures how the variance in replenishment orders is amplified as the orders move up the supply chain) when random demands and random lead ti…
math.PR2013
Lévy processes in storage and inventory problems
Zbigniew Michna, Wojciech Bombała, Peter Nielsen
In this paper we consider storage and inventory systems. Our aim is to apply and review main results of the fluctuation theory of stochastic processes in the context of storage and…