Doan, Xuan Vinh and Nguyen, Tri-Dung (2020) Robust newsvendor games with ambiguity in demand distributions. Operations Research, 68 (4). pp. 1047-1062. doi:10.1287/opre.2019.1955 ISSN 0030-364X.

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Abstract

In classical newsvendor games, vendors collaborate to serve their aggregate demand whose joint distribution is assumed known with certainty. We investigate a new class of newsvendor games with ambiguity in the joint demand distributions, which is represented by a Fréchet class of distributions with some, possibly overlapping, marginal information. To model this new class of games, we use ideas from distributionally robust optimization to handle distributional ambiguity and study the robust newsvendor games. We provide conditions for the existence of core solutions of these games using the structural analysis of the worst-case joint demand distributions of the corresponding distributionally robust newsvendor optimization problem.

Item Type:	Journal Article
Divisions:	Faculty of Social Sciences > Warwick Business School > Operational Research & Management Sciences Faculty of Social Sciences > Warwick Business School
Journal or Publication Title:	Operations Research
Publisher:	Institute for Operations Research and the Management Sciences (I N F O R M S)
ISSN:	0030-364X
Official Date:	July 2020
Dates:	Date Event July 2020 Published 29 June 2020 Available 18 September 2019 Accepted
Volume:	68
Number:	4
Page Range:	pp. 1047-1062
DOI:	10.1287/opre.2019.1955
Status:	Peer Reviewed
Publication Status:	Published
Access rights to Published version:	Restricted or Subscription Access
Date of first compliant deposit:	19 September 2019
Date of first compliant Open Access:	19 September 2019
Related URLs:	Publisher

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