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The Distribution-Free Newsboy Problem with Multiple Discounts and Upgrades
المؤلفون المشاركون
Saha, Subrata
Moon, Ilkyeong
Yoo, Dong Kyoon
المصدر
Mathematical Problems in Engineering
العدد
المجلد 2016، العدد 2016 (31 ديسمبر/كانون الأول 2016)، ص ص. 1-11، 11ص.
الناشر
Hindawi Publishing Corporation
تاريخ النشر
2016-08-30
دولة النشر
مصر
عدد الصفحات
11
التخصصات الرئيسية
الملخص EN
Most papers on the newsboy problem assume that excess inventory is either sold after discount or discarded.
In the real world, overstocks are handled with multiple discounts, upgrades, or a combination of these measures.
For example, a seller may offer a series of progressively increasing discounts for units that remain on the shelf, or the seller may use incrementally applied innovations aimed at stimulating greater product sophistication.
Moreover, the normal distribution does not provide better protection than other distributions with the same mean and variance.
In this paper, we find the differences between normal distribution approaches and distribution-free approaches in four scenarios with mean and variance of demand as the only available data to decision-makers.
First, we solve the newsboy problem by considering multiple discounts.
Second, we formulate and solve the newsboy problem by considering multiple upgrades.
Third, we formulate and solve a mixed newsboy problem characterized with multiple discounts and upgrades.
Finally, we extend the model to solve a multiproduct newsboy problem with a storage or a budget constraint and develop an algorithm to find the solutions of the models.
Concavity of the models is proved analytically.
Extensive computational experiments are presented to verify the robustness of the distribution-free approach.
The results show that the distribution-free approach is robust.
نمط استشهاد جمعية علماء النفس الأمريكية (APA)
Moon, Ilkyeong& Yoo, Dong Kyoon& Saha, Subrata. 2016. The Distribution-Free Newsboy Problem with Multiple Discounts and Upgrades. Mathematical Problems in Engineering،Vol. 2016, no. 2016, pp.1-11.
https://search.emarefa.net/detail/BIM-1111829
نمط استشهاد الجمعية الأمريكية للغات الحديثة (MLA)
Moon, Ilkyeong…[et al.]. The Distribution-Free Newsboy Problem with Multiple Discounts and Upgrades. Mathematical Problems in Engineering No. 2016 (2016), pp.1-11.
https://search.emarefa.net/detail/BIM-1111829
نمط استشهاد الجمعية الطبية الأمريكية (AMA)
Moon, Ilkyeong& Yoo, Dong Kyoon& Saha, Subrata. The Distribution-Free Newsboy Problem with Multiple Discounts and Upgrades. Mathematical Problems in Engineering. 2016. Vol. 2016, no. 2016, pp.1-11.
https://search.emarefa.net/detail/BIM-1111829
نوع البيانات
مقالات
لغة النص
الإنجليزية
الملاحظات
Includes bibliographical references
رقم السجل
BIM-1111829
قاعدة معامل التأثير والاستشهادات المرجعية العربي "ارسيف Arcif"
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