The Data-Driven Newsvendor Problem: New Bounds and Insights
Consider the newsvendor model, but under the assumption that the underlying demand distribution is not known as part of the input. Instead, the only information available is a random, independent sample drawn from the demand distribution. This paper analyzes the sample average approximation (SAA) ap...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Institute for Operations Research and the Management Sciences (INFORMS),
2017-08-31T19:43:15Z.
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| Subjects: | |
| Online Access: | Get fulltext |