Carbon restricted newsvendor problem under CVAR objective and resource constraints

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buir.advisorGürler, Ülkü
dc.contributor.authorKorkmaz, Özüm
dc.date.accessioned2016-01-08T18:28:04Z
dc.date.available2016-01-08T18:28:04Z
dc.date.issued2014
dc.descriptionAnkara : The Department of Industrial Engineering and the Graduate School of Engineering and Science of Bilkent University, 2014.en_US
dc.descriptionThesis (Master's) -- Bilkent University, 2014.en_US
dc.descriptionIncludes bibliographical references leaves 183-188.en_US
dc.description.abstractNewsboy problem has been studied in the literature extensively. The classical newsvendor, representing the risk neutral decision maker, determines the optimal order/production quantity by maximizing the expected profit or minimizing the expected total cost of a single period with stochastic demand. This approach is not suitable if one also aims to reduce the chances of facing unexpected losses due to demand uncertainty. In this thesis, two problems are investigated with a single product newsvendor under CVaR maximization objective. The first problem addresses the newsvendor model with two different carbon emission reduction policies, namely, mandatory emission allowance and carbon emission trading mechanism. In the second problem, as an extension of the first one, a newsvendor with multiple resource constraints is considered for the cases where the resources have quotas with trade options. Analytical expressions for optimal order/production quantities are determined together with the optimal trading policy and numerical examples are provided.en_US
dc.description.provenanceMade available in DSpace on 2016-01-08T18:28:04Z (GMT). No. of bitstreams: 1 0006686.pdf: 16827151 bytes, checksum: daca46ce560fe07f48ea8f821a0132c1 (MD5)en
dc.description.statementofresponsibilityKorkmaz, Özümen_US
dc.format.extentxxi, 188 leaves, charts, platesen_US
dc.identifier.urihttp://hdl.handle.net/11693/15982
dc.language.isoEnglishen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.subjectNewsvendoren_US
dc.subjectCap and Tradeen_US
dc.subjectCarbon Emissionsen_US
dc.subjectCVaRen_US
dc.subject.lccTS160 .K67 2014en_US
dc.subject.lcshInventory control--Mathematical models.en_US
dc.subject.lcshInventories--Economic models.en_US
dc.subject.lcshProduction planning.en_US
dc.titleCarbon restricted newsvendor problem under CVAR objective and resource constraintsen_US
dc.typeThesisen_US
thesis.degree.disciplineIndustrial Engineering
thesis.degree.grantorBilkent University
thesis.degree.levelMaster's
thesis.degree.nameMS (Master of Science)

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