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- W2403405008 abstract "This paper concerns the distribution-free, multi-period newsboy problem in which the newsboy has to decide the order quantity of the newspaper in the subsequent period without knowing the distribution of the demand. The Weak Aggregating Algorithm (WAA) developed in learning and prediction with expert advices makes decision only based on historical information and provides theoretical guarantee for the decision-making method. Based on the advantage of WAA and stationary expert advices, this paper continues providing distribution-free methods for the extended multi-period newsboy problems in which the shortage cost and the integral order quantities are considered. In particular, we provide an alternative proof for the theoretical result which guarantees the cumulative gain our proposed method achieves is as large as that of the best stationary expert advice. Numerical examples are provided to illustrate the effectiveness of our proposed methods." @default.
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- W2403405008 date "2017-01-01" @default.
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- W2403405008 title "Distribution-free solutions to the extended multi-period newsboy problem" @default.
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- W2403405008 doi "https://doi.org/10.3934/jimo.2016037" @default.
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