Risk-averse multi-product selective newsvendor problem with different market entry scenarios under CVaR criterion

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• 作者：Mohammad A.M. Abdel-Aal ; ^{mabdelaal@kfupm.edu.sa} ; ^{m.abdelaal82@gmail.com} ; Shokri Z. Selim ^{selim@kfupm.edu.sa}
• 关键词：Selective newsvendor ; Risk-aversion ; Optimal order quantity ; Market selection ; Binary nonlinear programming
• 刊名：Computers & Industrial Engineering
• 出版年：2017
• 出版时间：January 2017
• 年：2017
• 卷：103
• 期：Complete
• 页码：250-261
• 全文大小：492 K
• 卷排序：103

文摘

We model three cases of risk-averse multi-product multi-market newsvendor problem. Market demands are assumed to be independent and normally distributed. The decision variables are the order quantity of each product and markets to serve. We provide binary nonlinear and conic quadratic mixed integer formulations. Solution algorithms are proposed to solve the models in polynomial time.