An Adaptive, Distribution-Free Algorithm for the Newsvendor Problem with Censored Demands, with Applications to Inventory and Distribution

From MaRDI portal
Publication:3114718


DOI10.1287/mnsc.47.8.1101.10231zbMath1232.90053MaRDI QIDQ3114718

Gregory A. Godfrey, Warren B. Powell

Publication date: 19 February 2012

Published in: Management Science (Search for Journal in Brave)

Full work available at URL: https://semanticscholar.org/paper/2db674ada0bbc9e1a0e016c3b2573aeea9d9a84f


90B05: Inventory, storage, reservoirs


Related Items

Technical Note—Perishable Inventory Systems: Convexity Results for Base-Stock Policies and Learning Algorithms Under Censored Demand, The Big Data Newsvendor: Practical Insights from Machine Learning, Nonparametric Learning Algorithms for Joint Pricing and Inventory Control with Lost Sales and Censored Demand, Confidence Intervals for Data-Driven Inventory Policies with Demand Censoring, Benchmarking a Scalable Approximate Dynamic Programming Algorithm for Stochastic Control of Grid-Level Energy Storage, FROM CHOICE OF PROCUREMENT STRATEGY TO SUPPLY NETWORK CONFIGURATION: AN EVOLUTIONARY APPROACH, Technical Note—Nonparametric Data-Driven Algorithms for Multiproduct Inventory Systems with Censored Demand, Inventory control with modulated demand and a partially observed modulation process, On the relationship between the discrete and continuous bounding moment problems and their numerical solutions, Robust newsvendor problem with autoregressive demand, Optimal multi-stage allocation of weapons to targets using adaptive dynamic programming, A tighter variant of Jensen's lower bound for stochastic programs and separable approximations to recourse functions, A two-step gradient estimation approach for setting supply chain operating parameters, Approximate dynamic programming for lateral transshipment problems in multi-location inventory systems, Shape constraints in economics and operations research, Newsvendor problem under complete uncertainty: a case of innovative products, Protecting the data-driven newsvendor against rare events: a correction-term approach, An algorithm for approximating piecewise linear concave functions from sample gradients, Short-term liner ship fleet planning with container transshipment and uncertain container shipment demand, A data-driven newsvendor problem: from data to decision, A new separable piecewise linear learning algorithm for the stochastic empty container repositioning problem, Warehousing platform's revenue management: a dynamic model of coordinating space allocation for self-use and rent, Fully polynomial time \((\Sigma,\Pi)\)-approximation schemes for continuous nonlinear newsvendor and continuous stochastic dynamic programs, Meso-parametric value function approximation for dynamic customer acceptances in delivery routing, Managing mobile production-inventory systems influenced by a modulation process, Online lot-sizing problems with ordering, holding and shortage costs, Quantile forecasting and data-driven inventory management under nonstationary demand, Robust inventory financing model with partial information, A successive convex approximation method for multistage workforce capacity planning problem with turnover, The distribution-free newsboy problem under the worst-case and best-case scenarios, Big data driven order-up-to level model: application of machine learning, The Data-Driven Newsvendor Problem: New Bounds and Insights, The Newsvendor under Demand Ambiguity: Combining Data with Moment and Tail Information, Online Sequential Optimization with Biased Gradients: Theory and Applications to Censored Demand, Demand Estimation and Ordering Under Censoring: Stock-Out Timing Is (Almost) All You Need, Optimal Hour-Ahead Bidding in the Real-Time Electricity Market with Battery Storage Using Approximate Dynamic Programming