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dc.contributor.authorGürler, Ülküen_US
dc.contributor.authorBerk, Emreen_US
dc.contributor.editorKotz, S.en_US
dc.contributor.editorRead, C. B.en_US
dc.contributor.editorBalakrishnan, N.en_US
dc.contributor.editorVidakovic, B.en_US
dc.contributor.editorJohnson, N. L.en_US
dc.date.accessioned2019-05-01T10:15:25Z
dc.date.available2019-05-01T10:15:25Z
dc.date.issued2006en_US
dc.identifier.isbn9780471150442
dc.identifier.urihttp://hdl.handle.net/11693/51059
dc.description.abstractA definition and classical formulation of the newsboy inventory model as a profit maximization problem is provided. The structure of the optimal stocking policy is given. Alternative formulations of mean-variance, down-side risk, VaR (value-at-risk), and CVaR (conditional value-at-risk) for general demand distributions and a minimax formulation for the distribution-free newsboy model are also presented. Demand estimation in the presence of fully observable and censored sales is discussed from the frequentist and Bayesian perspectives. Explicit formulas are provided for Bayesian updating of a comprehensive set of demand functions.
dc.language.isoEnglishen_US
dc.relation.ispartofEncyclopedia of statistical sciences: Mizutani distribution to nyquist frequencyen_US
dc.relation.isversionofhttps://doi.org/10.1002/0471667196en_US
dc.titleNewsboy inventory problemen_US
dc.typeBook Chapteren_US
dc.departmentDepartment of Industrial Engineeringen_US
dc.citation.spage5459en_US
dc.citation.epage5465en_US
dc.citation.volumeNumber8en_US
dc.identifier.doi10.1002/0471667196en_US
dc.publisherJohn Wiley & Sonsen_US


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