Özler, Aysun; Tan, BarIs; Karaesmen, Fikri - In: International Journal of Production Economics 117 (2009) 2, pp. 244-255
We consider the single period stochastic inventory (newsvendor) problem with downside risk constraints. The aim in the classical newsvendor problem is maximizing the expected profit. This formulation does not take into account the risk of earning less than a desired target profit or losing more...