Single-period newsvendor problem under random end-of-season demand.
Subrata MitraAshis Kumar ChatterjeePublished in: J. Oper. Res. Soc. (2018)
Keyphrases
- single period
- inventory models
- capacity expansion
- stochastic inventory
- single product
- order quantity
- inventory control
- sample path
- inventory level
- utility maximization
- demand distributions
- distribution function
- periodic review
- expected profit
- markov decision process
- lost sales
- service level
- planning horizon
- finite horizon
- inventory systems
- policy iteration
- state space
- long run
- multistage
- upper bound