Newsvendor problem under complete uncertainty: a case of innovative products
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DOI: 10.1007/s10100-016-0458-3
Abstract: The paper presents a new scenario-based decision rule for the classical version of the newsvendor problem (NP) under complete uncertainty (i.e. uncertainty with unknown probabilities). So far, NP has been analyzed under uncertainty with known… read more here.
Keywords: newsvendor problem; uncertainty; problem complete; innovative products ... See more keywords
The newsvendor problem with advertising: an overview with extensions
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DOI: 10.1007/s11846-016-0204-1
Abstract: The effect of advertising on sales has been the subject of recent studies as an important aspect in many demand-based problems. Herein, we deal with the newsvendor problem, due to its simple structure, as a… read more here.
Keywords: problem advertising; newsvendor problem; advertising overview; advertising ... See more keywords
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
Modeling Strategic Behavior in the Competitive Newsvendor Problem: An Experimental Investigation
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DOI: 10.1111/poms.12683
Abstract: This paper experimentally investigates ordering behavior in the competitive newsvendor problem. We consider a duopoly market setting with two identical newsvendors selling the same perishable good in a common market. Our experimental results show that… read more here.
Keywords: newsvendor; newsvendor problem; strategic behavior; behavior competitive ... See more keywords