A DISTRIBUTION FREE NEWSBOY PROBLEM UNDER SHORTAGE-LEVEL CONSTRAINTS
نویسندگان
چکیده
منابع مشابه
An extended newsboy problem with shortage-level constraints
It is only an order quantity which is decided for a spot selling time in the classical newsboy problem. Both the purchase timing and the time-variant variance of the demand are neglected. When the vendor gives a price discount for early purchase, the buyer purchases the quantities of price discount at the cost of forecast bias. The buyer has to forecast the demand early before purchase ahead of...
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In the classical newsboy problem, no cost is assumed if the ordered quantity is less than the demand. However, in reality failure to meet demand is always associated with a penalty. The aim of this work is to extend the analysis of the distribution-free newsboy problem to the case when shortage cost is taken into consideration. The analysis is based on the assumption that only the mean and vari...
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We study the case of a catalogue/internet mail order retailer selling seasonal products and receiving large numbers of commercial returns. Returned products arriving before the end of the selling season can be resold if there is sufficient demand. A single order is placed before the season starts. Excess inventory at the end of the season is salvaged and all demands not met directly are lost. S...
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Advertising is very important for the newsboy problem because the shelf-life of the newsboy product is short and advertisingmay increase sales to avoid overstocking. In this paper, models to study the effect of advertising are developed for the distribution-free newsboy problem where only the mean and variance of the demand are known. As in Khouja and Robbins (2003), it is assumed that the mean...
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New theoretical foundations for analyzing the newsboy problem under incomplete information about the probability distribution of random demand are presented. Firstly, we reveal that the distribution-free newsboy problem under the worst-case and best-case demand scenarios actually reduces to the standard newsboy problem with demand distributions that bound the allowable distributions in the sens...
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ژورنال
عنوان ژورنال: Journal of the Operations Research Society of Japan
سال: 2001
ISSN: 0453-4514,2188-8299
DOI: 10.15807/jorsj.44.301