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We consider a repeated newsvendor problem in which the decision-maker (DM) does not have access to the underlying demand distribution. The goal of the paper is to characterize the implications of demand censoring on performance. To that end, we compare the benchmark setting in which the DM has...
Persistent link: https://www.econbiz.de/10013091828
Persistent link: https://www.econbiz.de/10009777028
When building datasets, one needs to invest time, money and energy to either aggregate more data or to improve their quality. The most common practice favors quantity over quality without necessarily quantifying the trade-off that emerges. In this work, we study data-driven contextual...
Persistent link: https://www.econbiz.de/10014260628