Liao, Yi; Banerjee, Avijit; Yan, Changyuan - In: International Journal of Production Economics 133 (2011) 1, pp. 224-227
In this paper, we extend the classical single period newsvendor model in an environment of customer balking, which occurs when customers are reluctant to buy a product if its available inventory falls below a threshold level. Since failure to make a sale usually results in a cost penalty, in...