Bayesian demand updating in the lost sales newsvendor problem: a two-moment approximation

DOI10.1016/j.ejor.2006.08.035zbMath1128.90003OpenAlexW2015066368MaRDI QIDQ879302

Ülkü Gürler, Richard A. Levine, Emre Berk

Publication date: 11 May 2007

Published in: European Journal of Operational Research (Search for Journal in Brave)

Full work available at URL: http://hdl.handle.net/11693/11596

zbMATH Keywords

inventorycensoringlost salesnewsboyBayesian

Mathematics Subject Classification ID

Inventory, storage, reservoirs (90B05)

Related Items (8)

Confidence-based optimisation for the newsvendor problem under binomial, Poisson and exponential demand ⋮ Service quality guarantee design: obedience behavior, demand updating and information asymmetry ⋮ INFORMATION FRICTIONS AND HOUSING MARKET DYNAMICS ⋮ The impacts of dual overconfidence behavior and demand updating on the decisions of port service supply chain: a real case study from China ⋮ The value of information for price dependent demand ⋮ Estimation of jointly normally distributed demand for cross-selling items in inventory systems with lost sales ⋮ The distributionally robust optimization model for a remanufacturing system under cap-and-trade policy: a newsvendor approach ⋮ Assessing Profitability of a Newsboy-Type Product with Normally Distributed Demand Based on Multiple Samples

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