| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 1143211 | Operations Research Letters | 2008 | 7 Pages |
Abstract
For the newsvendor problem with ambiguous demand, it is known that integrating parameter estimation and optimization using operational statistics leads to better solutions compared with the traditional approach. However, it is an open question how to find the optimal operational statistic. We show how to do it in this paper.
Keywords
Related Topics
Physical Sciences and Engineering
Mathematics
Discrete Mathematics and Combinatorics
Authors
Leon Yang Chu, J.George Shanthikumar, Zuo-Jun Max Shen,