107 Two-Stage Ordering Decisions Based on Partially Observed Demand
Download citation file:
In this paper, the two-stage ordering decisions under partially observed demand is modeled, and other two benchmarking models are also proposed. Moreover, the existence of the optimal solution is analyzed, and the algorithm is discussed. In addition, a numerical example is provided. Further, the effects of mistaken treatment on the optimal decision and profit are analyzed; and some managerial insights are proposed to help supply chain practitioners to tackle with this challenging situation.