Newsvendor problems: an integrated method for estimation and optimisation

DOI10.1016/J.EJOR.2021.08.013zbMATH Open1495.90008OpenAlexW3194873759MaRDI QIDQ2116868FDOQ2116868

Adam N. Letchford, Ivan Svetunkov, Congzheng Liu

Publication date: 18 March 2022

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

Full work available at URL: https://doi.org/10.1016/j.ejor.2021.08.013

zbMATH Keywords

forecastinginventorynewsvendor problemssales and operations planningdata-driven optimisation

Mathematics Subject Classification ID

Inventory, storage, reservoirs (90B05)

Cites Work

• Title not available (Why is that?)
• Goodness of Fit and Related Inference Processes for Quantile Regression
• On the limited memory BFGS method for large scale optimization
• Optimal Inventory Policy
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• The Risk-Averse (and Prudent) Newsboy
• A practical inventory control policy using operational statistics
• Single-period multiproduct inventory models with substitution
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• Pricing and the Newsvendor Problem: A Review with Extensions
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• The newsboy problem under progressive multiple discounts
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• The newsstand problem: A capacitated multiple-product single-period inventory problem
• Supply chain forecasting: theory, practice, their gap and the future
• Minimization by Random Search Techniques
• Title not available (Why is that?)
• The multi-item newsvendor problem with a budget constraint and fixed ordering costs
• A distribution-free newsvendor problem with nonlinear holding cost
• Approximating the nonlinear newsvendor and single-item stochastic lot-sizing problems when data is given by an oracle
• The price-setting newsvendor with nonlinear salvage revenue and shortage cost
• A data-driven newsvendor problem: from data to decision
• The Big Data Newsvendor: Practical Insights from Machine Learning

Cited In (12)

• Recovery from demand disruption: two-stage financing strategy for a capital-constrained supply chain under uncertainty
• The single-period (newsvendor) problem under interval grade uncertainties
• A bilevel optimization model for the newsvendor problem with the focus theory of choice
• A constructive methodology to solving the capacitated newsvendor problem: an approximate approach
• Constructing decision rules for multiproduct newsvendors: an integrated estimation-and-optimization framework
• The newsvendor problem with normal, worst-case and binomial distribution of demand: managerial implications with examples
• Can accessing much data reshape the theory? Inventory theory under the challenge of data-driven systems
• Newsvendor problems with demand forecast updating and supply constraints
• Newsvendor bounds and heuristics for serial supply chains with regular and expedited shipping
• Non-parametric generalised newsvendor model
• Optimal business hours of the newsvendor problem for retailers
• Robust optimization for the newsvendor problem with discrete demand

Uses Software

• L-BFGS
• forecast
• Forecast
• GitHub

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