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Analytics and model-based decision-making support -- Demand Forecasting, Production Planning and Inventory Control -- Discrete-Event Simulation of manufacturing processes and inventory control -- Facility location planning and network optimization -- Supply chain risk and resilience analytics.
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We develop a continuous time Newsvendor model to determine the optimal inventory level for commodities in an … established financial market. Unlike most models in literature, the newsvendor is not necessarily risk-neutral and chooses the … order quantity that maximises the expected utility of the cash flow at the end of the period. The newsvendor exploits the …
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