An integrated data-driven method using deep learning for a newsvendor problem with unobservable features

DOI10.1016/J.EJOR.2021.12.047MaRDI QIDQ2672069OpenAlexFDO

Authors Davood Pirayesh Neghab, Siamak Khayyati, Fikri Karaesmen

Publication date 8 June 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.2021.12.047

zbMATH Keywords

hidden Markov modelinventorydeep neural networkpartially observed dataintegrated estimation and optimization

Mathematics Subject Classification ID

Artificial neural networks and deep learning (68T07) Inventory, storage, reservoirs (90B05)

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Cites work

• A Multiperiod Newsvendor Problem with Partially Observed Demand
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• Adaptive data-driven inventory control with censored demand based on Kaplan-Meier estimator
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• An Introduction to the Application of the Theory of Probabilistic Functions of a Markov Process to Automatic Speech Recognition
• Analysis of time series subject to changes in regime
• Average cost optimality in inventory models with Markovian demands
• Bayes Solutions of the Statistical Inventory Problem
• Hidden Markov models. Applications to financial economics.
• Inventory Control in a Fluctuating Demand Environment
• On the optimal control of partially observed inventory systems
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• Optimal policies for production/inventory systems with finite capacity and Markov-modulated demand and supply processes
• Optimality of (s, S) Policies in Inventory Models with Markovian Demand
• Provably Near-Optimal Sampling-Based Policies for Stochastic Inventory Control Models
• Regret in the Newsvendor Model with Partial Information
• State of the Art—A Survey of Partially Observable Markov Decision Processes: Theory, Models, and Algorithms
• Stopped Myopic Policies in Some Inventory Models with Generalized Demand Processes
• The Distribution Free Newsboy Problem: Review and Extensions
• The big data newsvendor: practical insights from machine learning

Cited in

(5)

• Big data driven order-up-to level model: application of machine learning
• Can accessing much data reshape the theory? Inventory theory under the challenge of data-driven systems
• Recovery from demand disruption: two-stage financing strategy for a capital-constrained supply chain under uncertainty
• A data-driven newsvendor problem: from data to decision
• Constructing decision rules for multiproduct newsvendors: an integrated estimation-and-optimization framework

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