Murray, Chase C.; Gosavi, Abhijit; Talukdar, Debabrata - In: International Journal of Production Economics 138 (2012) 1, pp. 148-158
In this paper, we consider a newsvendor problem commonly encountered in retail stores that cater to budget-sensitive shoppers. The newsvendor sells multiple products, and in addition to determining order quantities must also determine the selling price of each product sold. The demand for each...