Structural Estimation of the Newsvendor Model: An Application to Reserving Operating Room Time
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چکیده
منابع مشابه
Structural Estimation of the Newsvendor Model: An Application to Reserving Operating Room Time
The Newsvendor model captures the trade-o¤ faced by a decision maker that needs to place a rm bet prior to the occurence of a random event. Previous research in Operations Management has mostly focused on deriving the decision that minimizes the expected mismatch costs. In contrast, we present two methods that estimate the unobservable cost parameters characterizing the mismatch cost function....
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ژورنال
عنوان ژورنال: Management Science
سال: 2008
ISSN: 0025-1909,1526-5501
DOI: 10.1287/mnsc.1070.0756