The Pandemic-Type Demand Shocks in the Mean-Variance Newsvendor Problem

被引:1
作者
Bieniek, Milena [1 ]
机构
[1] Marie Curie Sklodowska Univ, Lublin, Poland
关键词
Production planning and control; Inventory; Newsvendor; Pricing; Stochastic additive demand; NEWSBOY PROBLEM; OPTIMIZATION; MODEL;
D O I
10.24425/mper.2022.140876
中图分类号
T [工业技术];
学科分类号
08 ;
摘要
The paper considers the negative pandemic-type demand shocks in the mean-variance newsvendor problem. It extends the previous results to investigate the case when the actual additive demand may attain negative values due to high prices or considerable, negative demand shocks. The results indicate that the general optimal solution may differ to the solution corresponding exclusively to the non-negative realizations of demand.
引用
收藏
页码:52 / 61
页数:10
相关论文
共 32 条
[1]  
Agrawal V., 2000, Manufacturing & Service Operations Management, V2, P410, DOI 10.1287/msom.2.4.410.12339
[2]   COVID-19 pandemic and economic policy uncertainty regimes affect commodity market volatility [J].
Ahmed, Maruf Yakubu ;
Sarkodie, Samuel Asumadu .
RESOURCES POLICY, 2021, 74
[3]  
[Anonymous], 2017, J UNCERTAIN SYSTEMS
[4]   The ubiquitous nature of inventory: Vendor Managed Consignment Inventory in adverse market conditions [J].
Bieniek, Milena .
EUROPEAN JOURNAL OF OPERATIONAL RESEARCH, 2021, 291 (02) :411-420
[5]   Robust newsvendor problem with autoregressive demand [J].
Carrizosa, Emilio ;
Olivares-Nadal, Alba V. ;
Ramirez-Cobo, Pepa .
COMPUTERS & OPERATIONS RESEARCH, 2016, 68 :123-133
[6]   A Risk-Averse Newsvendor Model Under the CVaR Criterion [J].
Chen, Youhua ;
Xu, Minghui ;
Zhang, Zhe George .
OPERATIONS RESEARCH, 2009, 57 (04) :1040-1044
[7]   Mean-variance analysis for the newsvendor problem [J].
Choi, Tsan-Ming ;
Li, Duan ;
Yan, Houmin .
IEEE TRANSACTIONS ON SYSTEMS MAN AND CYBERNETICS PART A-SYSTEMS AND HUMANS, 2008, 38 (05) :1169-1180
[8]  
Chojnowski M, 2019, WORK PROSUMENT BASED
[9]  
Collie B.., 2020, COVID 19 S IMPACT AU
[10]   THE DISTRIBUTION-FREE NEWSBOY PROBLEM - REVIEW AND EXTENSIONS [J].
GALLEGO, G ;
MOON, I .
JOURNAL OF THE OPERATIONAL RESEARCH SOCIETY, 1993, 44 (08) :825-834