Dynamic procurement of new products with covariate information: The residual tree method
Problem definition: We study the practice-motivated problem of dynamically procuring a new, short-life-cycle product under demand uncertainty. The firm does not know the demand for the new product but has data on similar products sold in the past, including demand histories and covariate information...
| Main Authors: | , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
INFORMS Inst.for Operations Res.and the Management Sciences
2019
|
| Subjects: | |
| Online Access: | View Fulltext in Publisher |