Robust newsvendor problems: effect of discrete demands

Anh Ninh (), Honggang Hu () and David Allen
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Anh Ninh: College of William and Mary
Honggang Hu: University of Florida

Annals of Operations Research, 2019, vol. 275, issue 2, No 15, 607-621

Abstract: Abstract Distribution-free newsvendor models often assume continuous demand distributions to facilitate analysis and computation. However, in practice, discrete demand is a natural phenomenon. So far, there exists no analytical and computational results in the literature under this setting. Thus, the goal of this paper is to investigate the newsvendor problems with partial information when the demand is discrete and solve them using the so-called discrete moment problems. Numerical results are presented to illustrate the value of discrete information.

Keywords: Discrete moment; Newsvendor problems; Stop-loss; Discrete demand; Shape information (search for similar items in EconPapers)
Date: 2019
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DOI: 10.1007/s10479-018-3016-7

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