Loss Functions for Inventory Control
库存控制中的损失函数
In this paper, we provide analytic expressions for the first-order loss function, the complementary loss function and the second-order loss function for several probability distributions. These loss functions are important functions in inventory optimization and other quantitative fields. For several reasons, which will become apparent throughout this paper, the implementation of these loss functions prefers the use of an analytic expression, only using standard probability…