Technical Note—Data-Driven Profit Estimation Error in the Newsvendor Model

DOI10.1287/OPRE.2023.0070OpenAlexW4385699131MaRDI QIDQ6196752FDOQ6196752

Authors: Andrew F. Siegel, Michael R. Wagner 

Publication date: 15 March 2024

Published in: Operations Research (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1287/opre.2023.0070

Recommendations

• The data-driven newsvendor problem: new bounds and insights
• A new generalized newsvendor model with random demand and cost misspecification
• Newsvendor problems: an integrated method for estimation and optimisation
• Decision bias in the newsvendor problem with a known demand distribution: experimental evidence
• The newsvendor problem with normal, worst-case and binomial distribution of demand: managerial implications with examples

zbMATH Keywords

statisticsnewsvendorestimation errordata-driven

Mathematics Subject Classification ID

Mathematical programming (90Cxx)

This page was built for publication: Technical Note—Data-Driven Profit Estimation Error in the Newsvendor Model

Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q6196752)