The capacitated newsboy problem with random yield: The Gardener Problem

2008 ◽  
Vol 115 (1) ◽  
pp. 113-127 ◽  
Author(s):  
Layek Abdel-Malek ◽  
Roberto Montanari ◽  
Diego Meneghetti
Keyword(s):  
Random Yield ◽  
Newsboy Problem

scholarly journals Impacts of Transportation Cost on Distribution-Free Newsboy Problems

2014 ◽  
Vol 2014 ◽  
pp. 1-10 ◽  
Author(s):  
Ming-Hung Shu ◽  
Chun-Wu Yeh ◽  
Yen-Chen Fu
Keyword(s):  
Economic Theory ◽  
Lower Bounds ◽  
Optimal Solution ◽  
Transportation Cost ◽  
Rate Data ◽  
Random Yield ◽  
Order Quantity ◽  
Newsboy Problem ◽  
Distribution Free

A distribution-free newsboy problem (DFNP) has been launched for a vendor to decide a product’s stock quantity in a single-period inventory system to sustain its least maximum-expected profits when combating fierce and diverse market circumstances. Nowadays, impacts of transportation cost on determination of optimal inventory quantity have become attentive, where its influence on the DFNP has not been fully investigated. By borrowing an economic theory from transportation disciplines, in this paper the DFNP is tackled in consideration of the transportation cost formulated as a function of shipping quantity and modeled as a nonlinear regression form from UPS’s on-site shipping-rate data. An optimal solution of the order quantity is computed on the basis of Newton’s approach to ameliorating its complexity of computation. As a result of comparative studies, lower bounds of the maximal expected profit of our proposed methodologies surpass those of existing work. Finally, we extend the analysis to several practical inventory cases including fixed ordering cost, random yield, and a multiproduct condition.

The (σ,S) policy for uncertain multi-product newsboy problem

2014 ◽  
Vol 41 (8) ◽  
pp. 3769-3776 ◽  
Author(s):  
Sibo Ding ◽  
Yuan Gao
Keyword(s):  
Newsboy Problem

Multiple item capacitated random yield systems

2009 ◽  
Vol 57 (1) ◽  
pp. 196-200 ◽  
Author(s):  
Scott E. Grasman
Keyword(s):  
Random Yield ◽  
Multiple Item

Remanufacturing and pricing decisions with random yield and random demand

2015 ◽  
Vol 54 ◽  
pp. 195-203 ◽  
Author(s):  
Xiang Li ◽  
Yongjian Li ◽  
Xiaoqiang Cai
Keyword(s):  
Random Yield ◽  
Random Demand ◽  
Pricing Decisions

The Newsboy Problem With Price-Dependent Demand Distribution

1988 ◽  
Vol 20 (2) ◽  
pp. 168-175 ◽  
Author(s):  
AMY HING-LING LAU ◽  
HON-SHIANG LAU
Keyword(s):  
Newsboy Problem ◽  
Demand Distribution ◽  
Dependent Demand
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