Measurement error (ME) is the difference between the true unknown value of a variable and the data assigned to that variable during the measuring process. The multiple correlation coefficient quantifies the strength of the relationship between the dependent and independent variable(s) in...

We consider two-echelon supply chains with one supplier and two retailers. Retailers are censored newsvendors facing general parametric demand distributions involving unknown parameters. Using a Bayesian MDP formulation, we investigate how the supplier can make use of the combined information...

We consider two-echelon supply chains with one supplier and two retailers. Retailers are censored newsvendors facing general parametric demand distributions involving unknown parameters. Using a Bayesian MDP formulation, we investigate how the supplier can make use of the combined information...

Manufacturer buy-back policies are studied in the context of asymmetric demand information. A manufacturer offers a new product for sale to a retailer who makes a single stocking decision prior to the sales period. The two parties formulate different demand forecasts, either because they cannot...