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 …

Data-driven newsvendor problem: Performance of the sample average approximation

M Lin, WT Huh, H Krishnan… - Operations …, 2022 - pubsonline.informs.org
We consider the data-driven newsvendor problem in which a manager makes inventory
decisions sequentially and learns the unknown demand distribution based on observed …

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 …

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 …

The data-driven newsvendor with censored demand observations

AL Sachs, S Minner - International Journal of Production Economics, 2014 - Elsevier
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 …

Regret in the newsvendor model with partial information

G Perakis, G Roels - Operations research, 2008 - pubsonline.informs.org
Traditional stochastic inventory models assume full knowledge of the demand probability
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 …

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 …

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 …

Data‐driven newsvendor problems regularized by a profit risk constraint

S Lin, Y Chen, Y Li, ZJM Shen - Production and Operations …, 2022 - journals.sagepub.com
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 …