Dynamic learning, pricing, and ordering by a censored newsvendor

DOI10.1002/nav.20224zbMath1278.90010OpenAlexW2148560199MaRDI QIDQ5436964

Arnab Bisi, Maqbool Dada

Publication date: 18 January 2008

Published in: Naval Research Logistics (NRL) (Search for Journal in Brave)

Full work available at URL: https://docs.lib.purdue.edu/cgi/viewcontent.cgi?article=1039&context=ciberwp

zbMATH Keywords

inventorycensoringoptimal policieslost salesunknown demandmyopic policiesBayesian Markov decision processes

Mathematics Subject Classification ID

Inventory, storage, reservoirs (90B05) Markov and semi-Markov decision processes (90C40)

Related Items (4)

Technical Note—Managing Nonperishable Inventories with Learning About Demand Arrival Rate Through Stockout Times ⋮ Review of inventory systems with deterioration since 2001 ⋮ Automated repricing and ordering strategies in competitive markets ⋮ Optimal inventory management for a retail chain with diverse store demands

Cites Work

• Unnamed Item
• Dynamic Inventory Policy with Varying Stochastic Demands
• Clearance Pricing and Inventory Policies for Retail Chains
• Adaptive Inventory Control for Nonstationary Demand and Partial Information
• Stalking Information: Bayesian Inventory Management with Unobserved Lost Sales
• Bayes Solutions of the Statistical Inventory Problem
• Some remarks on bayes solutions to the inventory problem
• Myopic Policies for Some Inventory Models with Uncertain Demand Distributions
• The Censored Newsvendor and the Optimal Acquisition of Information
• Bayes Solution to Dynamic Inventory Models Under Unknown Demand Distribution
• Learning, Experimentation, and the Optimal Output Decisions of a Competitive Firm
• Informational Dynamics of Censored Observations
• Suboptimal Policies, with Bounds, for Parameter Adaptive Decision Processes
• Demand estimation in lost sales inventory systems
• Dynamic pricing and inventory control with learning
• Pricing and the Newsvendor Problem: A Review with Extensions
• Estimating negative binomial demand for retail inventory management with unobservable lost sales
• Optimal Policy for a Multi-Product, Dynamic, Nonstationary Inventory Problem

This page was built for publication: Dynamic learning, pricing, and ordering by a censored newsvendor