How Larger Demand Variability May Lead to Lower Costs in the Newsvendor Problem

DOI10.1287/opre.46.6.934zbMath0996.90009OpenAlexW2101419488MaRDI QIDQ2781164

Ad Ridder, Erwin A. Van der Laan, Marc Salomon

Publication date: 19 June 2002

Published in: Operations Research (Search for Journal in Brave)

Full work available at URL: https://semanticscholar.org/paper/d1a44b43e2a13b66bbde076f747b424e3505f758

zbMATH Keywords

Newsvendor problemstochastic inventory problemdemand distributionslarger variancesstochastic dominance relations

Mathematics Subject Classification ID

Inventory, storage, reservoirs (90B05) Markov and semi-Markov decision processes (90C40)

Related Items (9)

On the relationship between entropy, demand uncertainty, and expected loss ⋮ An investigation of lead-time effects in manufacturing/remanufacturing systems under simple PUSH and PULL control strategies ⋮ Optimal sequencing using a scheduling heuristic ⋮ Channel structures of transnational supply chains ⋮ Cost reduction through operations reversal ⋮ Order variability in perishable product supply chains ⋮ The influence of demand variability on the performance of a make-to-stock queue ⋮ The effect of demand uncertainty in a price-setting newsvendor model ⋮ The newsvendor problem under multiplicative background risk

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