{"status":"ok","message-type":"work","message-version":"1.0.0","message":{"indexed":{"date-parts":[[2025,2,21]],"date-time":"2025-02-21T10:42:28Z","timestamp":1740134548004,"version":"3.37.3"},"reference-count":22,"publisher":"Wiley","license":[{"start":{"date-parts":[[2014,1,1]],"date-time":"2014-01-01T00:00:00Z","timestamp":1388534400000},"content-version":"unspecified","delay-in-days":0,"URL":"http:\/\/creativecommons.org\/licenses\/by\/3.0\/"}],"funder":[{"DOI":"10.13039\/501100001809","name":"National Natural Science Foundation of China","doi-asserted-by":"publisher","award":["71272085","12YJA630135"],"award-info":[{"award-number":["71272085","12YJA630135"]}],"id":[{"id":"10.13039\/501100001809","id-type":"DOI","asserted-by":"publisher"}]},{"name":"Humanities and Social Sciences Program of the Ministry of Education of China","award":["71272085","12YJA630135"],"award-info":[{"award-number":["71272085","12YJA630135"]}]}],"content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["Journal of Applied Mathematics"],"published-print":{"date-parts":[[2014]]},"abstract":"<jats:p>Given current fast-changing market conditions and difficulty in obtaining financing for small- and medium-sized enterprises, this paper studies the robust inventory financing model under partial information, that is, where the demand distribution is partly known. Two demand information cases are discussed: (1) the mean and variance and (2) the support of the demand distribution. In this setting, the robust method that maximizes the worst-case profit and minimizes the firm\u2019s maximum possible regret of not acting optimally would be used to formulate the optimal sales quantity. We show that the approach used in this paper is tractable, and we provide an explicit expression for the robust optimal policy. We then use numerical examples to compare the firm\u2019s losses under two demand information cases with those occurring under demand certainty. More importantly, the numerical examples indicate that our robust inventory financing model can obtain a robust but not conservative solution.<\/jats:p>","DOI":"10.1155\/2014\/236083","type":"journal-article","created":{"date-parts":[[2014,6,11]],"date-time":"2014-06-11T17:16:06Z","timestamp":1402506966000},"page":"1-9","source":"Crossref","is-referenced-by-count":2,"title":["Robust Inventory Financing Model with Partial Information"],"prefix":"10.1155","volume":"2014","author":[{"given":"Yong","family":"Wang","sequence":"first","affiliation":[{"name":"School of Economics and Business Administration, Chongqing University, Chongqing 400044, China"}]},{"given":"Jixiang","family":"Zhou","sequence":"additional","affiliation":[{"name":"School of Economics and Business Administration, Chongqing University, Chongqing 400044, China"}]},{"given":"Hailei","family":"Sun","sequence":"additional","affiliation":[{"name":"School of Economics and Business Administration, Chongqing University, Chongqing 400044, China"}]},{"given":"Lin","family":"Jiang","sequence":"additional","affiliation":[{"name":"School of Mathematics and Information Engineering, Chongqing University of Education, Chongqing 400067, China"}]}],"member":"311","reference":[{"key":"2","doi-asserted-by":"publisher","DOI":"10.1287\/mnsc.1040.0278"},{"issue":"3","key":"8","doi-asserted-by":"crossref","first-page":"299","DOI":"10.1111\/1468-036X.00222","volume":"9","year":"2003","journal-title":"European Financial Management"},{"year":"2003","series-title":"European Central Bank Working Paper Series","key":"3"},{"key":"4","doi-asserted-by":"publisher","DOI":"10.1016\/j.orl.2008.06.004"},{"key":"22","doi-asserted-by":"publisher","DOI":"10.3808\/jei.201300245"},{"key":"24","doi-asserted-by":"publisher","DOI":"10.1016\/j.ijpe.2010.04.007"},{"issue":"2","key":"9","doi-asserted-by":"crossref","first-page":"136","DOI":"10.3808\/jei.201300240","volume":"21","year":"2013","journal-title":"Journal of Environmental Informatics"},{"key":"7","doi-asserted-by":"publisher","DOI":"10.1287\/msom.1070.0191"},{"key":"10","doi-asserted-by":"publisher","DOI":"10.1016\/j.ejor.2005.10.044"},{"first-page":"201","volume-title":"A min-max solution of an inventory problem","year":"1958","key":"19"},{"issue":"8","key":"5","doi-asserted-by":"crossref","first-page":"825","DOI":"10.1057\/jors.1993.141","volume":"44","year":"1993","journal-title":"Journal of the Operational Research Society"},{"issue":"1","key":"14","doi-asserted-by":"crossref","first-page":"116","DOI":"10.2307\/1883828","volume":"73","year":"1959","journal-title":"The Quarterly Journal of Economics"},{"issue":"2","key":"16","doi-asserted-by":"crossref","first-page":"183","DOI":"10.1287\/opre.47.2.183","volume":"47","year":"1999","journal-title":"Operations Research"},{"year":"1985","key":"21"},{"key":"20","doi-asserted-by":"publisher","DOI":"10.1214\/aoms\/1177706264"},{"issue":"8","key":"6","doi-asserted-by":"crossref","first-page":"1101","DOI":"10.1287\/mnsc.47.8.1101.10231","volume":"47","year":"2001","journal-title":"Management Science"},{"issue":"253","key":"18","doi-asserted-by":"crossref","first-page":"55","DOI":"10.1080\/01621459.1951.10500768","volume":"46","year":"1951","journal-title":"Journal of the American Statistical Association"},{"key":"23","doi-asserted-by":"publisher","DOI":"10.1016\/S0925-5273(99)00129-2"},{"key":"26","doi-asserted-by":"publisher","DOI":"10.1287\/opre.1060.0318"},{"key":"15","doi-asserted-by":"publisher","DOI":"10.1287\/opre.1070.0486"},{"key":"13","doi-asserted-by":"publisher","DOI":"10.1016\/j.ejor.2011.01.053"},{"key":"17","doi-asserted-by":"publisher","DOI":"10.1287\/moor.1040.0137"}],"container-title":["Journal of Applied Mathematics"],"original-title":[],"language":"en","link":[{"URL":"http:\/\/downloads.hindawi.com\/journals\/jam\/2014\/236083.pdf","content-type":"application\/pdf","content-version":"vor","intended-application":"text-mining"},{"URL":"http:\/\/downloads.hindawi.com\/journals\/jam\/2014\/236083.xml","content-type":"application\/xml","content-version":"vor","intended-application":"text-mining"},{"URL":"http:\/\/downloads.hindawi.com\/journals\/jam\/2014\/236083.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2017,6,22]],"date-time":"2017-06-22T10:43:42Z","timestamp":1498128222000},"score":1,"resource":{"primary":{"URL":"http:\/\/www.hindawi.com\/journals\/jam\/2014\/236083\/"}},"subtitle":[],"short-title":[],"issued":{"date-parts":[[2014]]},"references-count":22,"alternative-id":["236083","236083"],"URL":"https:\/\/doi.org\/10.1155\/2014\/236083","relation":{},"ISSN":["1110-757X","1687-0042"],"issn-type":[{"type":"print","value":"1110-757X"},{"type":"electronic","value":"1687-0042"}],"subject":[],"published":{"date-parts":[[2014]]}}}