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Newsboy problem Budget constraint Optimization 1
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Hua, Zhongsheng 1 Xu, Xiaoyan 1 Zhang, Bin 1
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International Journal of Production Economics 1
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A binary solution method for the multi-product newsboy problem with budget constraint
Zhang, Bin; Xu, Xiaoyan; Hua, Zhongsheng - In: International Journal of Production Economics 117 (2009) 1, pp. 136-141
Multi-product newsboy problem (MPNP) with budget constraint is a classical inventory control/management problem. However, solution methods for MPNP under general demand distributions are limited in the current literature. In this paper, by analyzing properties of the optimal solution to the MPNP...
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