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Meeting the profit target is often preferred over maximizing expected profit in uncertain business environments. Research into the newsboy problem with satiation objective started quite early. However, the progress has been slow, particularly in the multi-product setting. We study the genral...
Persistent link: https://www.econbiz.de/10010740608
Quality of decisions in inventory management problems depends on accuracy of parameter estimates used for decision making. In many situations, error in decision making is unavoidable. In such cases, understanding sensitivity of objective function to sub-optimal decisions is necessary for better...
Persistent link: https://www.econbiz.de/10010705920
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 setting, practically usable solution methods are available only for...
Persistent link: https://www.econbiz.de/10010729054
Meeting the prot target is often preferred over maximizing expected prot in uncertain business environments. Research into the newsboy problem with satiation objective started quite early. However, the progress has been slow, particularly in the multi-product setting. We study the general...
Persistent link: https://www.econbiz.de/10010752043
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, very little is known about its robustness. We study sensitivity of expected...
Persistent link: https://www.econbiz.de/10010695948
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Quality of decisions in inventory management models depends on the accuracy of parameter estimates used for decision making. In many situations, error in decision making is unavoidable. In such cases, sensitivity analysis is necessary for better implementation of the model. Though the newsvendor...
Persistent link: https://www.econbiz.de/10011097787
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