Journal ArticleDOI
The Distribution Free Newsboy Problem with Balking
Ilkyeong Moon,Sangjin Choi +1 more
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In this paper, the authors relax the assumption that the cumulative distribution function of the demand is completely known and merely assume that the first two moments of the distribution function are known, allowing customers to balk when inventory level is low.Abstract:
The purpose of this paper is to study the classic newsboy model with more realistic assumptions. First, we allow customers to balk when inventory level is low. Secondly, we relax the assumption that the cumulative distribution function of the demand is completely known and merely assume that the first two moments of the distribution function are known.read more
Citations
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The single-period (news-vendor) problem: literature review and suggestions for future research
TL;DR: In this article, a taxonomy of the single-period problem (SPP) literature is presented, and the contribution of the different SPP extensions are delineated and some future directions for research are discussed.
Journal ArticleDOI
Regret in the Newsvendor Model with Partial Information
Georgia Perakis,Guillaume Roels +1 more
TL;DR: This paper derives the order quantities that minimize the newsvendor's maximum regret of not acting optimally, which can be extended to a variety of problems that require a robust but not conservative solution.
Journal ArticleDOI
Managing a dual-channel supply chain under price and delivery-time dependent stochastic demand
Nikunja Mohan Modak,Peter Kelle +1 more
TL;DR: This work analyzed both centralized and decentralized systems for unknown distribution function of the random variables through a distribution-free approach and also for known distribution function and examines the effect of delivery lead time and customers’ channel preference on the optimal operation.
Journal ArticleDOI
A reverse logistics decisions conceptual framework
TL;DR: The proposed conceptual framework will help practitioners in the field to structure their reverse logistics activities and also help academics in developing better decision models.
Journal ArticleDOI
Some stochastic inventory models with deterministic variable lead time
Moncer Hariga,Mohamed Ben-Daya +1 more
TL;DR: This paper determines optimal reduction in the procurement lead time duration for some stochastic inventory models, jointly with the optimal ordering decisions, and develops algorithms for solving these models.
References
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Journal ArticleDOI
The Distribution Free Newsboy Problem: Review and Extensions
Guillermo Gallego,Ilkyeong Moon +1 more
TL;DR: In this article, the optimality of Scarf's ordering rule for the newsboy problem with only the mean and the variance of the demand are known is analyzed, and the analysis is extended to the fixed ordering cost case, where a fixed cost is charged for placing an order, and to the case of random yields.
Book
Studies in the Mathematical Theory of Inventory and Production
TL;DR: The Assessment Division of The Applied Physics Laboratory has undertaken new responsibilities and is expanding its Senior Analytical Staff as discussed by the authors, which will provide guide lines for the hardware research of future years, including analyses of tactical situations, the employment of future weapon systems and the application of the most recent advances in science and technology.
Journal ArticleDOI
Studies in the Mathematical Theory of Inventory and Production.
Journal ArticleDOI
Distribution Free Procedures for Some Inventory Models
Ilkyeong Moon,Guillermo Gallego +1 more
TL;DR: In this article, the authors relax the assumption that the cumulative distribution function of the lead time demand is completely known and merely assume that the first two moments of F are known and finte.