Fuzzy Gaussian mixture optimisation of the newsvendor problem: mixing fuzzy perception and randomness of customer demand
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DOI: 10.1080/00207543.2022.2085209
Abstract: Motivated by the increasing exposition of decision makers to both statistical and judgemental based sources of demand information, we develop in this paper a fuzzy Gaussian Mixture Model (GMM) for the newsvendor permitting to mix… read more here.
Keywords: newsvendor problem; newsvendor; demand; gaussian mixture ... See more keywords