The distribution-free newsboy problem with resalable returns
نویسندگان
چکیده
منابع مشابه
The distribution-free newsboy problem with resalable returns
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...
متن کاملThe Newsboy Problem with Resalable Returns
We analyze a newsboy problem with resalable returns. A single order is placed before the selling season starts. Purchased products may be returned by the customer for a full refund within a certain time interval. Returned products are resalable, provided they arrive back before the end of the season and are undamaged. Products remaining at the end of the season are salvaged. All demands not met...
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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...
متن کاملA note on: “The effect of optimal advertising on the distribution-free newsboy problem”
Recently, Lee and Hsu (2011) study the advertising effect on the distribution-free newsboy problem. In one of their results, they show that the optimal expenditure on advertising, the optimal order quantity and the optimal lower bound on the expected profit increase with the advertising effect parameters. Although this result holds in general, it requires additional assumptions. In this note we...
متن کاملA fuzzy production model with probabilistic resalable returns
In this paper, a fuzzy production inventory model with resalable returns has been analysed in an imprecise and uncertain environment by considering the cost and revenue parameters as trapezoidal fuzzy numbers. The main objective is to determine the optimal fuzzy production lotsize which maximizes the expected profit where the products leftout at the end of the period are salvaged and demands wh...
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ژورنال
عنوان ژورنال: International Journal of Production Economics
سال: 2005
ISSN: 0925-5273
DOI: 10.1016/j.ijpe.2004.09.003