The big data newsvendor: Practical insights from machine learning
We investigate the data-driven newsvendor problem when one has n observations of p
features related to the demand as well as historical demand data. Rather than a two-step …
features related to the demand as well as historical demand data. Rather than a two-step …
Approximation algorithms for perishable inventory systems
We develop the first approximation algorithms with worst-case performance guarantees for
periodic-review perishable inventory systems with general product lifetime, for both …
periodic-review perishable inventory systems with general product lifetime, for both …
Information sharing and order variability control under a generalized demand model
The value of information sharing and how it could address the bullwhip effect have been the
subject of studies in the literature. Most of these studies used different forms of demand …
subject of studies in the literature. Most of these studies used different forms of demand …
Robust approximation to multiperiod inventory management
CT See, M Sim - Operations research, 2010 - pubsonline.informs.org
We propose a robust optimization approach to address a multiperiod inventory control
problem under ambiguous demands, that is, only limited information of the demand …
problem under ambiguous demands, that is, only limited information of the demand …
Dynamic procurement of new products with covariate information: The residual tree method
Problem definition: We study the practice-motivated problem of dynamically procuring a
new, short-life-cycle product under demand uncertainty. The firm does not know the demand …
new, short-life-cycle product under demand uncertainty. The firm does not know the demand …
Multiresource allocation scheduling in dynamic environments
Motivated by service capacity-management problems in healthcare contexts, we consider a
multiresource allocation problem with two classes of jobs (elective and emergency) in a …
multiresource allocation problem with two classes of jobs (elective and emergency) in a …
Approximation algorithms for stochastic inventory control models
We consider two classical stochastic inventory control models, the periodic-review stochastic
inventory control problem and the stochastic lot-sizing problem. The goal is to coordinate a …
inventory control problem and the stochastic lot-sizing problem. The goal is to coordinate a …
A comparative study on fashion demand forecasting models with multiple sources of uncertainty
S Ren, HL Chan, P Ram - Annals of Operations Research, 2017 - Springer
Fast fashion is a timely, influential and well observed business strategy in the fashion retail
industry. An effective fast fashion supply chain relies on quick and competent forecasts of …
industry. An effective fast fashion supply chain relies on quick and competent forecasts of …
A multiordering newsvendor model with dynamic forecast evolution
We consider a newsvendor who dynamically updates her forecast of the market demand
over a finite planning horizon. The forecast evolves according to the martingale model of …
over a finite planning horizon. The forecast evolves according to the martingale model of …
Semiconductor capacity expansion based on forecast evolution and mini-max regret strategy for smart production under demand uncertainty
Semiconductor industry has continuously migrated for advanced technology nodes with
capital intensive capacities to fulfil the demands and maintain competitive advantages …
capital intensive capacities to fulfil the demands and maintain competitive advantages …