Prescriptive analytics for commodity procurement applications

DOI10.1007/978-3-031-08623-6_5MaRDI QIDQ6606623zbMATH OpenFDO

Authors Christian Mandl

Publication date 17 September 2024

Full work available at URL https://doi.org/10.1007/978-3-031-08623-6_5

zbMATH Keywords

data-driven optimizationinventory controlmachine learningprice uncertaintyprocurement

Mathematics Subject Classification ID

Applications of statistics to economics (62P20) Inventory, storage, reservoirs (90B05) Marketing, advertising (90B60)

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Cites work

• A New Approach to the Economic Analysis of Nonstationary Time Series and the Business Cycle
• Supply chain operations in the presence of a spot market: a review with discussion
• The big data newsvendor: practical insights from machine learning

Cited in

(1)

• A deficiency of prescriptive analytics -- no perfect predicted value or predicted distribution exists

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