The Newsvendor Problem
A Data Mining Perspective of the Newsvendor Problem
... This study proposes a novel approach by taking the data mining perspective to examine a modified newsvendor problem. We viewed the newsvendor problem as a classification problem. ...
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The newsvendor problem with advertising: an overview with extensions
... the newsvendor problem, due to its simple structure, as a suit- able tool for illustrating how facets of marketing may affect decision-making concerning operational ...the newsvendor is faced with ...
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The newsvendor problem has a rich history that has
... the newsvendor problem, a decision maker facing random demand for a perishable product decides how much of it to stock for a single selling ...simple problem with its intuitively appealing solution ...
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The Newsvendor Problem: Review and Directions for Future Research
... The newsvendor problem is one of the classical problems in the literature on inventory management ([ 7 ] [ 43 ...this problem have wide ranging implications for managing inventory decisions for ...
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Decision-Making and the Newsvendor Problem – An Experimental Study
... ∗ = + (2) Carlson and O'Keefe (1969) were the first to report an experiment with the newsvendor problem. In this instance, the newsvendor problem was part of a much larger experiment in ...
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A maximum entropy approach to the newsvendor problem with partial information
... the newsvendor problem when only the mean and variance of the demand distribution are ...the newsvendor role but only half have knowledge of the underlying demand ...the newsvendor should ...
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10-28-2011 12:00 AM The Newsvendor Problem with Pricing
... the problem, we also considered the case where a fraction of the customers are interested in only a primary product (with a known reservation price distribution) and the remaining customers are interested in a ...
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Does the payment scheme have an effect on inventory decisions in the newsvendor problem? Keeping the net
... the newsvendor problem, the “double-entry” fea- ture of their consumer model suggests that the newsvendor imputes payments twice: from the vantage points of the order and the demand ...the ...
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The newsvendor problem with multiple inputs and environment sensitive customers
... retailer’s problem with an independent ...integrated problem results in a higher optimal order quantity with a higher corresponding expected profit under the same conditions for each carbon sensitiv- ity ...
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On the newsvendor problem with multiple inputs under a carbon emission constraint
... richer problem settings and in some cases subsume the results for the Leontief ...For Problem 1, we additionally provide an illustrative example based on a real (published) study of agricultural production ...
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A Neural Network Model Based on Quadratic Programming to the Single-period and Multi-product Newsvendor Problem
... The newsvendor problem now has been extended into complicated models to meet the commerce pattern’s growing ...the newsvendor problems which the various costs and characteristic parameters of ...
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A Newsvendor with Priority Classes and Shortage Cost
... the newsvendor problem with multiple demand classes cha- racterized by decreasing prices actually reduces to the standard newsvendor problem with the demand distribu- tion being a mixture of ...
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The Expectation-Based Loss-Averse Newsvendor
... newsvendor is loss averse for λ > 0 and for λ = 0 we are back in the standard case of a profit-maximizing newsvendor. 6 Following K˝oszegi and Rabin (2006, 2007), the newsvendor’s reference point is de- ...
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An Elasticity Approach to the Newsvendor with Price Sensitive Demand
... Literature. The vast literature on coordinated pricing and inventory decisions has been reviewed by Yano and Gilbert (2003) and Chan et al. (2004), and specifically for the newsvendor problem by Petruzzi ...
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Transfer of risk in the newsvendor model with discrete demand
... standard newsvendor problem with different objectives and utility func- tions is well summarized in Khouja ...standard newsvendor model are Lau (1980), Anvari (1987), and Chung ...the ...
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The Data-driven Newsvendor Problem:Achieving On-target Service Levels
... Abstract The classical approach to the newsvendor problem is to first estimate the demand distribution (or assume it to be given) and then determine the optimal order quantity. Data-driven approaches that ...
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The big data newsvendor: practical insights from machine learning
... data-driven newsvendor problem when one has n observations of p features related to the demand as well as historical demand ...Data” newsvendor problem via single step machine learning ...the ...
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The Big Data Newsvendor: Practical Insights from Machine Learning
... the newsvendor problem when one has n observations of p features related to the demand as well as past ...the problem and derive a tight generalization bound on the expected out-of-sample ...
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TECHNICAL NOTE—Robust Newsvendor Competition Under Asymmetric Information
... as problem symmetry is assumed, the problem becomes more tractable, although even in this case one has to worry about differ- ent solutions in certain parameter ...the newsvendor problem ...
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NEWSVENDOR PROBLEM WITH PRICING: PROPERTIES, ALGORITHMS, AND SIMULATION
... classic newsvendor problem is to make a single-period procurement decision of a single product under stochastic ...This problem, because of its simple but elegant structure as well as its rich ...
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