Analytically solving the classic newsvendor problem relies on a known demand distribution. In practice, however, it is not easy to approximate a sufficiently accurate demand distribution. This results in the obtained analytical solution may not be optimal. To address this issue, we propose a...

Analytically solving the classic newsvendor problem relies on a known demand distribution. In practice, however, it is not easy to approximate a sufficiently accurate demand distribution. This results in the obtained analytical solution may not be optimal. To address this issue, we propose a...