DocumentCode
2225905
Title
Newsvendor problems with interval probabilities
Author
Guo, Peijun ; Tanaka, Hideo
Author_Institution
Fac. of Bus. Adm., Yokohama Nat. Univ., Yokohama, Japan
fYear
2008
fDate
8-11 Dec. 2008
Firstpage
969
Lastpage
973
Abstract
In this paper, the uncertainty of the demand in newsvendor problems is characterized by interval probabilities. The characteristics of interval probabilities, the method for estimating interval probabilities from subject and decision criteria with interval probabilities are addressed. The newsvendor models under interval probabilities are proposed for obtaining the optimal order quantity.
Keywords
inventory management; linear programming; decision criteria; interval probabilities; newsvendor problems; optimal order quantity; Bayesian methods; Inventory management; Linear programming; Pricing; Probability distribution; Procurement; Psychology; Uncertainty; Newsvendor problem; interval probabilities; linear programming problem;
fLanguage
English
Publisher
ieee
Conference_Titel
Industrial Engineering and Engineering Management, 2008. IEEM 2008. IEEE International Conference on
Conference_Location
Singapore
Print_ISBN
978-1-4244-2629-4
Electronic_ISBN
978-1-4244-2630-0
Type
conf
DOI
10.1109/IEEM.2008.4738014
Filename
4738014
Link To Document