Discipline of Business Analytics: Recent submissions
-
Base-Stock Policies with Constant Lead Time: Closed-Form Solutions and Applications
Published 2023-03-15We study stationary base-stock policies for multiperiod dynamic inventory systems with a constant lead time and independently and identically distributed (iid) demands. When ambiguities in the underlying demand distribution ...Working Paper -
Closed-Form Solutions for Distributionally Robust Inventory Management: Extended Reformulation using Zero-Sum Game
Published 2022-07-27When only the moments (mean, variance or t-th moment) of the underline distribution are known, numerous max-min optimization models can be interpreted as a zero-sum game, in which the decision maker (DM) chooses actions ...Open AccessArticle -
Managing Inventory and Financing Decisions Under Ambiguity
Published 2022-08-30Micro, small and medium-sized enterprises (MSMEs) face persistent challenges in raising capitals, and one of the practical reasons could be the high level of ambiguity in this sector. As many not-for-profit organizations ...Working Paper -
Global combinations of expert forecasts
Published 2022Expert forecast combination—the aggregation of individual forecasts from multiple subjectmatter experts— is a proven approach to economic forecasting. To date, research in this area has exclusively concentrated on local ...Open AccessWorking Paper -
On the uncertainty of a combined forecast: The critical role of correlation
Published 2021The purpose of this paper is to show that the effect of the zero-correlation assumption in combining forecasts can be huge, and that ignoring (positive) correlation can lead to confidence bands around the forecast combination ...Open AccessWorking Paper