Today, emerging technologies such as big data analytics and block-chain can improve supply chain operations by updating information to reduce demand uncertainty and improving data quality. We conduct a theoretical exploration of the values provided by such technologies in the context of a...

The classical newsvendor problem seeks to minimize the expected inventory cost or maximize the expected profit. But optimizing an expected value alone does not fully capture the stochastic nature of the newsvendor problem. Inspired by the higher-moment analyses explored in finance literature, we...