On demand uncertainty in the newsvendor model
I provide three comparative statics involving the level of demand uncertainty for the newsvendor model, two of which lead to robust predictions. I show that for distributions of demand that are greater in the dispersive order, both the expected (censored) sales and share of inventory sold fall. Thes...
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| Format: | Article |
| Language: | English |
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Elsevier B.V.
2019
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| Online Access: | View Fulltext in Publisher |