Bayesian and adaptive controls for a newsvendor facing exponential demand.

Alain Bensoussan Metin Çakanyildirim Andrew Royal Suresh P. Sethi

Published in: Risk Decis. Anal. (2009)

Keyphrases

stochastic demand
single item
lost sales
inventory models
data driven
demand function
risk averse
information asymmetry
single period
infinite horizon
decision making
single stage
risk neutral
revenue management
order quantity
inventory systems
lead time
standard deviation
optimal policy
supply chain
bayesian networks