The Bayesian Newsvendors in Supply Chains with Unobserved Lost Sales

2004.

Cited by: 2|Views4

Abstract:

We consider two-echelon supply chains with one supplier and two retailers. Retailers are censored newsvendors facing general parametric demand distributions involving unknown parameters. Using a Bayesian MDP formulation, we investigate how the supplier can make use of the combined information gathered from the retailers' sales data to inc...More

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