منابع مشابه
Uncertain random newsboy problem
The classic newsboy problem assumes the market demand to be a random variable. However, when the decision maker wants to expand the market share, he has to provide a subjective estimate of new market demand distribution due to the lack of historical data. Thus, randomness and uncertainty simultaneously appear in a newsboy problem. The aim of this work is to extend the analysis of the classic ne...
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In this paper, we consider a newsvendor who is going to invest on dedicated or flexible capacity, our goal is to find the optimal investment policy to maximize total profit while the newsvendor faces uncertainty in lead time and demand simultaneously. As highlighted in literature, demand is stochastic, while lead time is constant. However, in reality lead time uncertainty decreases newsvendor's...
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In this paper we consider a single inventory (newsboy) problem in which the vendor has a limited amount of funds to purchase items to sell. We assume that the manufacturer will either sell the items to the vendor outright or offer the items to the vendor on a revenue sharing (consignment) basis. In the latter case, that amount of money the vendor pays per unit is less than if the items are purc...
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Intuition may lead to the hypothesis that in stochastic inventory systems a higher demand variability results in larger variances and in an increase of total expected system costs. In a recent paper, Song [5] formally proved this assertion to hold for a certain class of inventory models (including the Newsboy Problem), given a particular definition of variability. Here we use stochastic dominan...
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ژورنال
عنوان ژورنال: Physics Procedia
سال: 2012
ISSN: 1875-3892
DOI: 10.1016/j.phpro.2012.03.179