The Impact of Duplicate Orders on Demand Estimation and Capacity Investment
Management Science
On "The Censored Newsvendor and the Optimal Acquisition of Information"
Operations Research
Supply chain planning for hurricane response with wind speed information updates
Computers and Operations Research
A Nonparametric Asymptotic Analysis of Inventory Planning with Censored Demand
Mathematics of Operations Research
Online algorithms for the newsvendor problem with and without censored demands
FAW'10 Proceedings of the 4th international conference on Frontiers in algorithmics
Achieving a Long-Term Service Target with Periodic Demand Signals: A Newsvendor Framework
Manufacturing & Service Operations Management
Improved Inventory Targets in the Presence of Limited Historical Demand Data
Manufacturing & Service Operations Management
A Censored-Data Multiperiod Inventory Problem with Newsvendor Demand Distributions
Manufacturing & Service Operations Management
A practical inventory control policy using operational statistics
Operations Research Letters
Learning Consumer Tastes Through Dynamic Assortments
Operations Research
Optimal learning of transition probabilities in the two-agent newsvendor problem
Proceedings of the Winter Simulation Conference
Salesforce Contracting Under Demand Censorship
Manufacturing & Service Operations Management
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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 withobservable lost sales reduces to a sequence of single-period problems, while the newsvendor problem withunobservable lost sales requires a dynamic analysis. Using a Bayesian Markov decision process approach we show that the optimalin ventory level in the presence of censored demand ishigher than would be determined using a Bayesian myopic policy. We explore the economic rationality for this observation and illustrate it with numerical examples.