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Lower bound for cost deviation in the newsboy model
(2013-11-26)
Quality of decisions in inventory management problems depends on accuracy of param-
eter estimates used for decision making. In many situations, error in decision making is
unavoidable. In such cases, understanding ...
Multi-product newsboy problem with satiation objective
(Indian Institute of Managment, Ahmedabad, 2014)
Meeting the pro t target is often preferred over maximizing expected pro t in uncertain business environments. Research into the newsboy problem with satiation objective started quite early. However, the progress has been ...
Heuristics for the multi-product satiating newsboy problem
(Indian Institute of Management Ahmedabad, 2014)
Due to the preference of satiation (of the profit target) over maximization (of expected profit) in uncertain situations, the newsboy problem with the satiation objective is an important practical problem. In the multi-product ...
Sensitivity analysis of the newsboy model
(2013-11-26)
Sensitivity analysis is an integral part of inventory optimization models due to uncertainty
associated with estimates of model parameters. Though the newsboy problem is one of the
most researched inventory problems, ...
An efficient heuristic for the multi-product satiating newsboy problem
(Indian Institute of Management, Ahmedabad, 2014)
Preference of satiation of a target performance over maximization of expected performance in uncertain situations is well-documented in the economics literature. However, the newsboy problem with satiation (of a pro t ...