In this paper, we consider the newsvendor model under partial information, i.e., where the demand distribution D is partly unknown. We focus on the classical case where the retailer only knows the expectation and variance of D. The standard approach is then to determine the order quantity using...

In this article, we consider the problem of finding the optimal inventory level for components in an assembly system where multiple products share common components in the presence of random demand. Previously, solution procedures that identify the optimal inventory levels for components in a...