A data-driven distributionally robust newsvendor model with a Wasserstein ambiguity set.
Sangyoon LeeHyunwoo KimIlkyeong MoonPublished in: J. Oper. Res. Soc. (2021)
Keyphrases
- data driven
- mathematical model
- robust optimization
- formal model
- probabilistic model
- statistical model
- computational model
- input data
- objective function
- experimental data
- management system
- linear programming
- probability distribution
- cost function
- hierarchical structure
- image set
- prior knowledge
- decision making
- stochastic programming