The Censored Newsvendor and the Optimal Acquisition of Information

Operations Research, pp. 517-527, 2002.

Cited by: 195|Views3


<P>This paper investigates the effect of demand censoring on the optimal policy in newsvendor inventory models with general parametric demand distributions and unknown parameter values. We show that the newsvendor problem with observable lost sales reduces to a sequence of single-period problems, while the newsvendor problem with unobserv...More



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