File Download

There are no files associated with this item.

  Links for fulltext
     (May Require Subscription)
Supplementary

Article: Reordering strategies for a newsboy-type product

TitleReordering strategies for a newsboy-type product
Authors
KeywordsInventory
Newsboy-Type Products
Single-Period Inventories
Issue Date1997
PublisherElsevier BV. The Journal's web site is located at http://www.elsevier.com/locate/ejor
Citation
European Journal Of Operational Research, 1997, v. 103 n. 3, p. 557-572 How to Cite?
AbstractThis paper considers the very common situation in which a single-period 'newsboy' type product may be ordered or produced twice during a season/period. We show that the explicit consideration of this reorder opportunity makes the newsboy problem very much richer. The specific version considered in this paper allows a reorder during mid-season after the early-season demand has been observed, and this reorder arrives after a given lead time. The demand distributions during the various portions of the season may have very general distribution forms; also, the late-season and early-season demands may be dependent. Solution procedures are developed to find the best way to exploit this reorder opportunity, and our numerical solutions indicate that this reorder opportunity can improve profits considerably as long as the product's profit margin is not very high. Other real-world variations of this two-order newsboy problem are briefly discussed. © 1997 Elsevier Science B.V.
Persistent Identifierhttp://hdl.handle.net/10722/177862
ISSN
2015 Impact Factor: 2.679
2015 SCImago Journal Rankings: 2.595
References

 

DC FieldValueLanguage
dc.contributor.authorLau, HSen_US
dc.contributor.authorLau, AHLen_US
dc.date.accessioned2012-12-19T09:40:36Z-
dc.date.available2012-12-19T09:40:36Z-
dc.date.issued1997en_US
dc.identifier.citationEuropean Journal Of Operational Research, 1997, v. 103 n. 3, p. 557-572en_US
dc.identifier.issn0377-2217en_US
dc.identifier.urihttp://hdl.handle.net/10722/177862-
dc.description.abstractThis paper considers the very common situation in which a single-period 'newsboy' type product may be ordered or produced twice during a season/period. We show that the explicit consideration of this reorder opportunity makes the newsboy problem very much richer. The specific version considered in this paper allows a reorder during mid-season after the early-season demand has been observed, and this reorder arrives after a given lead time. The demand distributions during the various portions of the season may have very general distribution forms; also, the late-season and early-season demands may be dependent. Solution procedures are developed to find the best way to exploit this reorder opportunity, and our numerical solutions indicate that this reorder opportunity can improve profits considerably as long as the product's profit margin is not very high. Other real-world variations of this two-order newsboy problem are briefly discussed. © 1997 Elsevier Science B.V.en_US
dc.languageengen_US
dc.publisherElsevier BV. The Journal's web site is located at http://www.elsevier.com/locate/ejoren_US
dc.relation.ispartofEuropean Journal of Operational Researchen_US
dc.subjectInventoryen_US
dc.subjectNewsboy-Type Productsen_US
dc.subjectSingle-Period Inventoriesen_US
dc.titleReordering strategies for a newsboy-type producten_US
dc.typeArticleen_US
dc.identifier.emailLau, AHL: ahlau@business.hku.hken_US
dc.identifier.authorityLau, AHL=rp01072en_US
dc.description.naturelink_to_subscribed_fulltexten_US
dc.identifier.doi10.1016/S0377-2217(96)00304-9-
dc.identifier.scopuseid_2-s2.0-0031356407en_US
dc.relation.referenceshttp://www.scopus.com/mlt/select.url?eid=2-s2.0-0031356407&selection=ref&src=s&origin=recordpageen_US
dc.identifier.volume103en_US
dc.identifier.issue3en_US
dc.identifier.spage557en_US
dc.identifier.epage572en_US
dc.publisher.placeNetherlandsen_US
dc.identifier.scopusauthoridLau, HS=7201497264en_US
dc.identifier.scopusauthoridLau, AHL=7202626080en_US

Export via OAI-PMH Interface in XML Formats


OR


Export to Other Non-XML Formats