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Applying the bootstrap method to newsvendor model incorporating group buying for optimal price discount and order quantity.
Yan-Kwang Chen
Chih-Teng Chen
Fei-Rung Chiu
Jiunn-Woei Lian
Published in:
Kybernetes (2017)
Keyphrases
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cost function
objective function
probabilistic model
dynamic programming
order quantity
sensitivity analysis
control policy
single period
special case
decision makers
economic order quantity