Title :
Newsvendor problems with interval probabilities
Author :
Guo, Peijun ; Tanaka, Hideo
Author_Institution :
Fac. of Bus. Adm., Yokohama Nat. Univ., Yokohama, Japan
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;
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
DOI :
10.1109/IEEM.2008.4738014
