Robust Optimization for the Newsvendor Problem with Discrete Demand

被引：3
作者：
Zhai, Jia [1 ,2 ]
Yu, Hui [3 ]
Sun, Caihong [4 ]
机构：
[1] Chongqing Univ, Postdoctoral Res Ctr Business Adm, Chongqing 400030, Peoples R China
[2] Chongqing Univ Technol, Sch Management, Chongqing 400030, Peoples R China
[3] Chongqing Univ, Sch Econ & Business Adm, Chongqing 400030, Peoples R China
[4] Chongqing Technol & Business Univ, Sch Accounting, Chongqing 400067, Peoples R China
来源：
MATHEMATICAL PROBLEMS IN ENGINEERING | 2018年 / 2018卷
基金：
中国国家自然科学基金; 中国博士后科学基金;
关键词：
FREE NEWSBOY PROBLEM; BALKING; MODEL;
D O I：
10.1155/2018/5358219
中图分类号：
T [工业技术];
学科分类号：
08 ;
摘要：
A robust newsvendor model with discrete demand is initiatively studied, and the steps to obtain the optimal ordering decision are provided. The study shows that the optimal ordering decision with discrete demand is very different from that with continuous demand. Besides, the total number of demand points has almost no effect on the performance of both ordering decisions. Furthermore, for an ultralow-profit product, the ordering decision with discrete demand performs significantly better than that with continuous demand.
引用
收藏
页数：12
相关论文
共 50 条
  • [31] The Newsvendor Problem with Advertising Revenue
    Wu, Zhengping
    Zhu, Wanshan
    Crama, Pascale
    M&SOM-MANUFACTURING & SERVICE OPERATIONS MANAGEMENT, 2011, 13 (03) : 281 - 296
  • [32] THE NEWSVENDOR PROBLEM WITH NORMAL, WORST-CASE AND BINOMIAL DISTRIBUTION OF DEMAND: MANAGERIAL IMPLICATIONS WITH EXAMPLES
    Brzeczek, Tomasz
    Hrabec, Dusan
    JOURNAL OF INDUSTRIAL AND MANAGEMENT OPTIMIZATION, 2024, 20 (12) : 3628 - 3646
  • [33] Demand uncertainty in robust Home Care optimization
    Cappanera, Paola
    Scutella, Maria Grazia
    Nervi, Federico
    Galli, Laura
    OMEGA-INTERNATIONAL JOURNAL OF MANAGEMENT SCIENCE, 2018, 80 : 95 - 110
  • [34] The newsvendor problem with barter exchange
    Hua, Guowei
    Zhang, Yi
    Cheng, T. C. E.
    Wang, Shouyang
    Zhang, Juliang
    OMEGA-INTERNATIONAL JOURNAL OF MANAGEMENT SCIENCE, 2020, 92
  • [35] The newsvendor problem with unknown distribution
    Benzion, U.
    Cohen, Y.
    Shavit, T.
    JOURNAL OF THE OPERATIONAL RESEARCH SOCIETY, 2010, 61 (06) : 1022 - 1031
  • [36] Controlling risk and demand ambiguity in newsvendor models
    Rahimian, Hamed
    Bayraksan, Guzin
    Homem-de-Mello, Tito
    EUROPEAN JOURNAL OF OPERATIONAL RESEARCH, 2019, 279 (03) : 854 - 868
  • [37] The data-driven newsvendor problem: Achieving on-target service-levels using distributionally robust chance-constrained optimization
    Laan, Niels van der
    Teunter, Ruud H.
    Romeijnders, Ward
    Kilic, Onur A.
    INTERNATIONAL JOURNAL OF PRODUCTION ECONOMICS, 2022, 249
  • [38] Affinely adjustable robust optimization for a multi-period inventory problem with capital constraints and demand uncertainties
    Qiu, Ruozhen
    Sun, Yimeng
    Sun, Minghe
    Yu, Yue
    INTERNATIONAL TRANSACTIONS IN OPERATIONAL RESEARCH, 2024, 31 (01) : 415 - 447
  • [39] Employing an Effective Robust Optimization Approach for Cooperative Covering Facility Location Problem Under Demand Uncertainty
    Liu, Hui
    Song, Guanghua
    AXIOMS, 2022, 11 (09)
  • [40] Distributionally Robust Linear and Discrete Optimization with Marginals
    Chen, Louis
    Ma, Will
    Natarajan, Karthik
    Simchi-Levi, David
    Yan, Zhenzhen
    OPERATIONS RESEARCH, 2022, : 1 - 13
12345