Technical Note: Data-driven newsvendor problem: Performance of the sample average approximation

• المؤلفون الرئيسيون: LIN, Meichun, HUH, Woonhee Tim, KRISHNAN, H
• التنسيق: text
• اللغة: English
• منشور في: Institutional Knowledge at Singapore Management University 2022
• الموضوعات: sample average approximation; newsvendor problem; data-driven decision making; regret analysis; finite-time performance; Operations and Supply Chain Management; Operations Research, Systems Engineering and Industrial Engineering
• الوصول للمادة أونلاين: https://ink.library.smu.edu.sg/lkcsb_research/7313

We consider the data-driven newsvendor problem in which a manager makes inventory decisions sequentially and learns the unknown demand distribution based on observed samples of continuous demand (no truncation). We study the widely used sample average approximation (SAA) approach and analyze its per...