An Estimation of Distribution Algorithm for Mixed-Variable Newsvendor Problems

As one of the classical problems in the economic market, the newsvendor problem aims to make maximal profit by determining the optimal order quantity of products. However, the previous newsvendor models assume that the selling price of a product is a predefined constant and only regard the order qua...

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Bibliographic Details
Published in:	IEEE transactions on evolutionary computation Vol. 24; no. 3; pp. 479 - 493
Main Authors:	Wang, Feng, Li, Yixuan, Zhou, Aimin, Tang, Ke
Format:	Journal Article
Language:	English
Published:	New York IEEE 01.06.2020 The Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Subjects:	Adaptation models Biological system modeling Computational modeling Continuity (mathematics) Design of experiments Economics Estimation of distribution algorithm (EDA) Evolutionary algorithms histogram model Histograms Integer programming Investment Linear programming Mathematical model mixed-variable optimization problem newsvendor problem Nonlinear programming Order quantity orthogonal experiment design Variables
ISSN:	1089-778X, 1941-0026
Online Access:	Get full text
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