[HTML][HTML] Data-driven inventory control for large product portfolios: A practical application of prescriptive analytics

FG Schmidt, R Pibernik - European Journal of Operational Research, 2025 - Elsevier
Motivated by the real-world inventory management problem of a large network of
pharmacies, this paper proposes and studies a practically relevant Prescriptive Analytics …

Where Did the Demand Go? Teaching Demand Censoring with the Newsvendor Challenge

J Gijsbrechts, HE Van Staden - INFORMS Transactions on …, 2024 - pubsonline.informs.org
The newsvendor model is widely used to teach decision making under uncertainty.
Traditionally, analytical methods have been taught to determine the optimal order quantity …