@Article{AJ_, doi = { 10.17093/aj.2015.3.2.5000140055 }, author = { Sinan Apak }, title = { A Bayesian Approach Proposal For Inventory Cost and Demand Forecasting }, abstract = { Technology’s perpetual vicissitude and product models’ distinction in industrial market have a crucial effect on forecasting demand for spare components. In order to set forth the future demand rates for products, inventory managers repetitively update their prognostications. Bayesian model is utilizing a prior probability distribution for the injunctive authorization rate which was habituated in order to get optimum levels of account over a number of periods. However, under sundry demand rates like intermittent demand, Bayesian Model’s performance has not been analyzed. With the help of a research question, the study investigates that circumstance. } journal = { Alphanumeric Journal }, year = { 2015 }, volume = { 3 }, number = { 2 }, pages = { 41-48 }, url = { https://alphanumericjournal.com/article/a-bayesian-approach-proposal-for-inventory-cost-and-demand-forecasting }, }