A Prescriptive Machine-Learning Framework to the Price-Setting Newsvendor Problem
نویسندگان
چکیده
منابع مشابه
A price-setting newsvendor problem under mean-variance criteria
The single-product, single-period newsvendor problem with two decision variables, namely price and stock quantity, is considered. The performance measure, in addition to the expected revenue, includes the variance of the income scaled with a risk parameter. We present conditions for the concavity of this risk-sensitive performance measure and the uniqueness of the optimal solution for both risk...
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ژورنال
عنوان ژورنال: INFORMS Journal on Optimization
سال: 2021
ISSN: 2575-1484,2575-1492
DOI: 10.1287/ijoo.2019.0046