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Article: Two-product newsboy problem with satisficing objective and independent exponential demands

TitleTwo-product newsboy problem with satisficing objective and independent exponential demands
Authors
Issue Date1991
PublisherTaylor & Francis Inc. The Journal's web site is located at http://www.tandf.co.uk/journals/titles/0740817x.asp
Citation
IIE Transactions (Institute Of Industrial Engineers), 1991, v. 23 n. 1, p. 29-39 How to Cite?
AbstractWhile all previous research on the newsboy problem considered the single-product case, a recently published paper studied a two-product newsboy problem under the objective of maximizing the probability of achieving a profit target. Numerical solutions to this problem reveal some very intriguing properties, but little analytical results were obtained. This paper presents an analytical solution procedure to the problem for the case of exponentially distributed independent demands. Our analytical structure reveals even more intriguing properties, and confirms that the multiproduct extension of the newsboy problem is a very challenging and fruitful research area.
Persistent Identifierhttp://hdl.handle.net/10722/177836
ISSN
2015 Impact Factor: 1.463
2015 SCImago Journal Rankings: 1.293

 

DC FieldValueLanguage
dc.contributor.authorLi, Jingen_US
dc.contributor.authorLau, HonShiangen_US
dc.contributor.authorLau, Amy HingLingen_US
dc.date.accessioned2012-12-19T09:40:31Z-
dc.date.available2012-12-19T09:40:31Z-
dc.date.issued1991en_US
dc.identifier.citationIIE Transactions (Institute Of Industrial Engineers), 1991, v. 23 n. 1, p. 29-39en_US
dc.identifier.issn0740-817Xen_US
dc.identifier.urihttp://hdl.handle.net/10722/177836-
dc.description.abstractWhile all previous research on the newsboy problem considered the single-product case, a recently published paper studied a two-product newsboy problem under the objective of maximizing the probability of achieving a profit target. Numerical solutions to this problem reveal some very intriguing properties, but little analytical results were obtained. This paper presents an analytical solution procedure to the problem for the case of exponentially distributed independent demands. Our analytical structure reveals even more intriguing properties, and confirms that the multiproduct extension of the newsboy problem is a very challenging and fruitful research area.en_US
dc.languageengen_US
dc.publisherTaylor & Francis Inc. The Journal's web site is located at http://www.tandf.co.uk/journals/titles/0740817x.aspen_US
dc.relation.ispartofIIE Transactions (Institute of Industrial Engineers)en_US
dc.titleTwo-product newsboy problem with satisficing objective and independent exponential demandsen_US
dc.typeArticleen_US
dc.identifier.emailLau, Amy HingLing: ahlau@business.hku.hken_US
dc.identifier.authorityLau, Amy HingLing=rp01072en_US
dc.description.naturelink_to_subscribed_fulltexten_US
dc.identifier.doi10.1080/07408179108963839-
dc.identifier.scopuseid_2-s2.0-0026116311en_US
dc.identifier.volume23en_US
dc.identifier.issue1en_US
dc.identifier.spage29en_US
dc.identifier.epage39en_US
dc.publisher.placeUnited Statesen_US
dc.identifier.scopusauthoridLi, Jing=36076739200en_US
dc.identifier.scopusauthoridLau, HonShiang=7201497264en_US
dc.identifier.scopusauthoridLau, Amy HingLing=7202626080en_US

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