David Fernando Muñoz

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In this paper, we discuss the formulation and solution to the newsvendor problem under a Bayesian framework that allows the incorporation of uncertainty on the parameters of the demand model (introduced by the estimation process of these parameters). We present an application of this model with an analytical solution and we conduct experiments to compare(More)
Esta investigación ha sido patrocinada por la Asociación Mexicana de Cultura A.C. Abstract A manufacturing plant produces water heaters under a make to order production strategy, and wishes to estimate its response time to deliver orders from its clients. In order to minimize the response time for a given order, the plant needs to schedule resources and(More)
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