Qiu, Ruozhen; Shang, Jennifer; Huang, Xiaoyuan - In: International Journal of Production Economics 153 (2014) C, pp. 13-23
We study the robust inventory decision-making problem faced by risk-averse managers with incomplete demand information in a newsvendor setting. Three basic models are developed: expected profit maximization, CVaR-based profit maximization, and a combination of the two. Each model is robustly...