Sachs, Anna-Lena; Minner, Stefan - In: International Journal of Production Economics 149 (2014) C, pp. 28-36
Motivated by data from a large European retail chain, we tackle the newsvendor problem with censored demand observations by a distribution-free model based on a data-driven approach. The model estimates the optimal inventory levels as a linear function of exogenous variables, e.g., price or...