Bayesian demand updating in the lost sales newsvendor problem: a two-moment approximation
From MaRDI portal
Publication:879302
DOI10.1016/J.EJOR.2006.08.035zbMATH Open1128.90003OpenAlexW2015066368MaRDI QIDQ879302FDOQ879302
Authors: Emre Berk, Ülkü Gürler, Richard A. Levine 
Publication date: 11 May 2007
Published in: European Journal of Operational Research (Search for Journal in Brave)
Full work available at URL: http://hdl.handle.net/11693/11596
Recommendations
- Bayesian updating of demand and backorder distributions in a newsvendor inventory problem
- The Censored Newsvendor and the Optimal Acquisition of Information
- Demand estimation and ordering under censoring: stock-out timing is (almost) all you need
- Demand estimation in lost sales inventory systems
- Bounds and heuristics for optimal Bayesian inventory control with unobserved lost sales
Cites Work
- Statistical decision theory and Bayesian analysis. 2nd ed
- Optimal Inventory Policy
- Applying Bayesian methodology with a uniform prior to the single period inventory model
- Bayes Solutions of the Statistical Inventory Problem
- A Bayesian Approach to the Two-period Style-goods Inventory Problem with Single Replenishment and Heterogeneous Poisson Demands
- The determination of optimal base-stock inventory policy when the costs of under- and oversupply are uncertain
- Optimizing Inventory Levels in a Two-Echelon Retailer System with Partial Lost Sales
- Demand estimation in lost sales inventory systems
- Estimating negative binomial demand for retail inventory management with unobservable lost sales
- Foundations of inventory management
- Stalking information: Bayesian inventory management with unobserved lost sales
- Myopic Policies for Some Inventory Models with Uncertain Demand Distributions
- Bayes Solution to Dynamic Inventory Models Under Unknown Demand Distribution
- Improved Fashion Buying with Bayesian Updates
- The Censored Newsvendor and the Optimal Acquisition of Information
- Some remarks on bayes solutions to the inventory problem
- Title not available (Why is that?)
Cited In (14)
- Demand estimation in lost sales inventory systems
- The value of information for price dependent demand
- Bayesian and adaptive controls for a newsvendor facing exponential demand
- Confidence-based optimisation for the newsvendor problem under binomial, Poisson and exponential demand
- Service quality guarantee design: obedience behavior, demand updating and information asymmetry
- Information frictions and housing market dynamics
- Assessing profitability of a newsboy-type product with normally distributed demand based on multiple samples
- Bounds and heuristics for optimal Bayesian inventory control with unobserved lost sales
- Bayesian updating of demand and backorder distributions in a newsvendor inventory problem
- Demand estimation and ordering under censoring: stock-out timing is (almost) all you need
- Estimation of jointly normally distributed demand for cross-selling items in inventory systems with lost sales
- The distributionally robust optimization model for a remanufacturing system under cap-and-trade policy: a newsvendor approach
- The impacts of dual overconfidence behavior and demand updating on the decisions of port service supply chain: a real case study from China
- Application of a distributionally robust optimization approach for single-period stochastic inventory problems with different carbon policies
This page was built for publication: Bayesian demand updating in the lost sales newsvendor problem: a two-moment approximation
Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q879302)
