Oct 13, 2010 · The problem is to maximize his expected profit subject to a constraint on his overall service performance across all possible values of the demand signal.

We study the problem faced by a newsvendor of perishable goods, such as the vending rack vendor, who wants to maximize his profit and maintain a tar- get ...

We characterize the optimal policy for in-stock rate and fill rate targets, and make comparisons. While in the classical newsvendor model, a service target can ...

We characterize the optimal policy for in-stock rate and fill rate targets, and make comparisons. While in the classical newsvendor model, a service target can ...

We characterize the optimal policy for in-stock rate and fill-rate targets, and make comparisons. Whereas in the classical newsvendor model a service target can ...

In this paper, we consider an inventory problem with two demand classes having different priorities. The appropriate policy of rationing the available stock, ie ...

TL;DR: It is shown that under a given ordering policy, the in-stock rate is lower than the fill rate when the demand has an increasing (decreasing) hazard ...

Achieving a long-term service target with periodic demand signals : a newsvendor framework · Optimal ordering policies for stochastic inventory problems with ...

We study a two-stage purchase contract with a demand forecast update. The purchase contract provides the buyer an opportunity to adjust an initial commitment ...

This document summarizes a research paper that develops a newsvendor framework for achieving a long-term service target with periodic demand signals.