An integrated data-driven method using deep learning for a newsvendor problem with unobservable features
We consider a single-period inventory problem with random demand with both directly
observable and unobservable features that impact the demand distribution. With the recent …
observable and unobservable features that impact the demand distribution. With the recent …
Applying deep learning to the newsvendor problem
The newsvendor problem is one of the most basic and widely applied inventory models. If
the probability distribution of the demand is known, the problem can be solved analytically …
the probability distribution of the demand is known, the problem can be solved analytically …
The data-driven newsvendor problem: New bounds and insights
Consider the newsvendor model, but under the assumption that the underlying demand
distribution is not known as part of the input. Instead, the only information available is a …
distribution is not known as part of the input. Instead, the only information available is a …
Assessing the performance of deep learning algorithms for newsvendor problem
In retailer management, the Newsvendor problem has widely attracted attention as one of
basic inventory models. In the traditional approach to solving this problem, it relies on the …
basic inventory models. In the traditional approach to solving this problem, it relies on the …
A data-driven newsvendor problem: From data to decision
J Huber, S Müller, M Fleischmann… - European Journal of …, 2019 - Elsevier
Retailers that offer perishable items are required to make ordering decisions for hundreds of
products on a daily basis. This task is non-trivial because the risk of ordering too much or too …
products on a daily basis. This task is non-trivial because the risk of ordering too much or too …
From predictive to prescriptive analytics: A data-driven multi-item newsvendor model
This paper considers a multi-item newsvendor problem with a capacity constraint (Z). The
problem has already been addressed in the literature using the classical newsvendor …
problem has already been addressed in the literature using the classical newsvendor …
Newsvendor problems: An integrated method for estimation and optimisation
C Liu, AN Letchford, I Svetunkov - European Journal of Operational …, 2022 - Elsevier
Newsvendor problems (NVP) form a classical and important family of stochastic optimisation
problems. In this paper, we consider a data-driven method proposed recently by Ban and …
problems. In this paper, we consider a data-driven method proposed recently by Ban and …
A data-driven newsvendor problem: A high-dimensional and mixed-frequency method
In this paper, a data-driven newsvendor problem is studied by mapping high-dimensional
and mixed-frequency features of historical data to replenishment decisions. Instead of …
and mixed-frequency features of historical data to replenishment decisions. Instead of …
The big data newsvendor: Practical insights from machine learning
We investigate the data-driven newsvendor problem when one has n observations of p
features related to the demand as well as historical demand data. Rather than a two-step …
features related to the demand as well as historical demand data. Rather than a two-step …
Solving operational statistics via a Bayesian analysis
For the newsvendor problem with ambiguous demand, it is known that integrating parameter
estimation and optimization using operational statistics leads to better solutions compared …
estimation and optimization using operational statistics leads to better solutions compared …