Wang, Tong; Atasu, Atalay; Kurtulu, Mümin; scedil - In: Manufacturing & Service Operations Management 14 (2012) 3, pp. 472-484
We consider a newsvendor who dynamically updates her forecast of the market demand over a finite planning horizon. The forecast evolves according to the martingale model of forecast evolution (MMFE). The newsvendor can place multiple orders with increasing ordering cost over time to satisfy...