Browsing by Keywords "Newsvendor model"
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Analysis and applications of replenishment problems under stepwise transportation costs and generalized wholesale prices
(2012)In this study, we analyze the replenishment decision of a buyer with the objective of maximizing total expected profits. The buyer faces stepwise freight costs in inbound transportation and a hybrid wholesale price schedule ... -
A newsvendor approach to energy imbalance mechanism in a day ahead electricity market
(Bilkent University, 2017-06)We study an energy imbalance problem in a day ahead electricity market from the perspective of a distribution company. This company commits to buy a certain amount of electricity in the day ahead market the day before ...
