On implications of demand censoring in the newsvendor problem
O Besbes, A Muharremoglu - Management Science, 2013 - pubsonline.informs.org
We consider a repeated newsvendor problem in which the decision maker (DM) does not
have access to the underlying demand distribution. The goal of this paper is to characterize …
have access to the underlying demand distribution. The goal of this paper is to characterize …
Data-driven newsvendor problem: Performance of the sample average approximation
We consider the data-driven newsvendor problem in which a manager makes inventory
decisions sequentially and learns the unknown demand distribution based on observed …
decisions sequentially and learns the unknown demand distribution based on observed …
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 …
The censored newsvendor and the optimal acquisition of information
X Ding, ML Puterman, A Bisi - Operations Research, 2002 - pubsonline.informs.org
This paper investigates the effect of demand censoring on the optimal policy in newsvendor
inventory models with general parametric demand distributions and unknown parameter …
inventory models with general parametric demand distributions and unknown parameter …
The data-driven newsvendor with censored demand observations
Motivated by data from a large European retail chain, we tackle the newsvendor problem
with censored demand observations by a distribution-free model based on a data-driven …
with censored demand observations by a distribution-free model based on a data-driven …
Regret in the newsvendor model with partial information
Traditional stochastic inventory models assume full knowledge of the demand probability
distribution. However, in practice, it is often difficult to completely characterize the demand …
distribution. However, in practice, it is often difficult to completely characterize the demand …
A maximum entropy approach to the newsvendor problem with partial information
J Andersson, K Jörnsten, SL Nonås, L Sandal… - European Journal of …, 2013 - Elsevier
In this paper, we consider the newsvendor model under partial information, ie, where the
demand distribution D is partly unknown. We focus on the classical case where the retailer …
demand distribution D is partly unknown. We focus on the classical case where the retailer …
How big should your data really be? Data-driven newsvendor: Learning one sample at a time
O Besbes, O Mouchtaki - Management Science, 2023 - pubsonline.informs.org
We study the classical newsvendor problem in which the decision maker must trade off
underage and overage costs. In contrast to the typical setting, we assume that the decision …
underage and overage costs. In contrast to the typical setting, we assume that the decision …
Pricing and the newsvendor problem: A review with extensions
NC Petruzzi, M Dada - Operations research, 1999 - pubsonline.informs.org
In the newsvendor problem, a decision maker facing random demand for a perishable
product decides how much of it to stock for a single selling period. This simple problem with …
product decides how much of it to stock for a single selling period. This simple problem with …
Data‐driven newsvendor problems regularized by a profit risk constraint
We study a risk‐averse newsvendor problem where demand distribution is unknown. The
focal product is new, and only the historical demand information of related products is …
focal product is new, and only the historical demand information of related products is …