Blar i Articles (FOR) på forfatter "Jörnsten, Kurt"

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    • A maximum entropy approach to the newsvendor problem with partial information 

      Andersson, Jonas; Jörnsten, Kurt; Nonås, Sigrid Lise; Sandal, Leif Kristoffer; Ubøe, Jan (Journal article; Peer reviewed, 2013)
      In this paper, we consider the newsvendor model under partial information, i.e., where the demand distribution D is partly unknown. We focus on the classical case where the retailer only knows the expectation and variance ...

    • Modeling Freight Markets for Coal 

      Ubøe, Jan; Andersson, Jonas; Jörnsten, Kurt; Strandenes, Siri Pettersen (Journal article; Peer reviewed, 2009)
      In this paper we study bulk shipping of coal between the central regions in the world. We compare the performance of cost-minimizing models with a gravity model approach. The main finding in the paper is that cost minimizing ...

    • Strategic Pricing of Commodities 

      Jörnsten, Kurt; Ubøe, Jan (Journal article; Peer reviewed, 2009)
      We consider a setting where a large number of agents are trading commodity bundles. Assuming that agents of the same type have a certain utility attached to each transaction, we construct a statistical equilibrium which ...

    • Transfer of risk in the newsvendor model with discrete demand 

      Jörnsten, Kurt; Nonås, Sigrid Lise; Sandal, Leif Kristoffer; Ubøe, Jan (Journal article; Peer reviewed, 2012)
      In this paper we consider the transfer of risk in a newsvendor model with discrete demand. We view the newsvendor model as a leader/follower problem where the manufacturer (leader) decides the wholesale price and the ...