Optimal Online Risk-Tolerant Ordering Policy for the Newsvendor with Forecast.

Weimin Ma Ke Wang

Published in: J. Convergence Inf. Technol. (2010)

Keyphrases

risk neutral
stochastic demand
ordering policy
risk averse
lost sales
order quantity
finite horizon
planning horizon
infinite horizon
dynamic programming
utility function
optimal solution
single item
inventory control
markov decision processes
random variables
optimal policy