An integrated data-driven method using deep learning for a newsvendor problem with unobservable features

DP Neghab, S Khayyati, F Karaesmen - European Journal of Operational …, 2022 - Elsevier
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 …

Applying deep learning to the newsvendor problem

A Oroojlooyjadid, LV Snyder, M Takáč - IISE Transactions, 2020 - Taylor & Francis
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 data-driven newsvendor problem: New bounds and insights

R Levi, G Perakis, J Uichanco - Operations Research, 2015 - pubsonline.informs.org
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 …

Assessing the performance of deep learning algorithms for newsvendor problem

Y Zhang, J Gao - … , ICONIP 2017, Guangzhou, China, November 14-18 …, 2017 - Springer
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 …

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 …

From predictive to prescriptive analytics: A data-driven multi-item newsvendor model

S Punia, SP Singh, JK Madaan - Decision Support Systems, 2020 - Elsevier
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 …

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 …

A data-driven newsvendor problem: A high-dimensional and mixed-frequency method

CH Yang, HT Wang, X Ma, S Talluri - International Journal of Production …, 2023 - Elsevier
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 …

The big data newsvendor: Practical insights from machine learning

GY Ban, C Rudin - Operations Research, 2019 - pubsonline.informs.org
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 …

Solving operational statistics via a Bayesian analysis

LY Chu, JG Shanthikumar, ZJM Shen - Operations research letters, 2008 - Elsevier
For the newsvendor problem with ambiguous demand, it is known that integrating parameter
estimation and optimization using operational statistics leads to better solutions compared …