paper:applying_deep_learning_to_newsvendor_problem

Applying Deep Learning to the Newsvendor Problem

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文献基本信息

标题

作者

  1. Afshin Oroojlooyjadid, Lehigh University
  2. Lawrence V. Snyder, Lehigh University
  3. Martin Takác, Lehigh University

出版年份

2018

来源

ArXiv

关键词

摘要

The newsvendor problem is one of the most basic and widely applied inventory models. There are numerous extensions of this problem. If the probability distribution of the demand is known, the problem can be solved analytically. However, approximating the probability distribution is not easy and is prone to error; therefore, the resulting solution to the newsvendor problem may be not optimal. To address this issue, we propose an algorithm based on deep learning that optimizes the order quantities for all products based on features of the demand data. Our algorithm integrates the forecasting and inventory-optimization steps, rather than solving them separately, as is typically done, and does not require knowledge of the probability distributions of the demand. Numerical experiments on real-world data suggest that our algorithm outperforms other approaches, including data-driven and machine learning approaches, especially for demands with high volatility. Finally, in order to show how this approach can be used for other inventory optimization problems, we provide an extension for (r, Q) policies.

引用方式

Oroojlooyjadid, Afshin, Lawrence Snyder, and Martin Takáč. “Applying deep learning to the newsvendor problem.” arXiv preprint arXiv:1607.02177 (2016).

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文献简介

1. 论文是关于什么的?[请提供该论文的简要摘要。]

解决多特征报童(Multi-Feature Newsvendor, MFNV)问题的五种常见方法:

  1. Estimate-as-Solution (EAS)
  2. Separated Estimation and Optimization (SEO)
  3. Empirical Quantile Method
  4. Integrating ML in Optimization
  5. Linear Machine Learning (LML) Method

文献评价

2. 这篇论文的长处和短处是什么?[请以以下角度评述:(a)创新(研究问题、建模、方法等);(b)相关性(研究问题、发现等);(c)严谨性(适当的方法、分析的正确性等)]

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相关性

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适当的方法、分析的正确性等

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paper/applying_deep_learning_to_newsvendor_problem.txt · 最后更改: 2023/11/10 12:13 由 127.0.0.1

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