Optimal resource acquisition policy for a newsvendor under supply risk.
Dogan A. SerelPublished in: J. Oper. Res. Soc. (2014)
Keyphrases
- risk neutral
- risk averse
- stochastic demand
- asymptotically optimal
- allocation policies
- expected profit
- allocation policy
- optimal policy
- risk sensitive
- utility function
- finite horizon
- risk aversion
- single item
- markov decision processes
- dynamic programming
- scheduling policies
- decision making
- state dependent
- inventory models
- average cost
- decision makers