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Article: A semi-analytical solution for a newsboy problem with mid-period replenishment

TitleA semi-analytical solution for a newsboy problem with mid-period replenishment
Authors
Lau, HSLau, AHL
KeywordsInventory
Newsboy Problem
Stochastic Demand
Issue Date1997
PublisherPalgrave Macmillan Ltd. The Journal's web site is located at http://www.palgrave-journals.com/jors/index.html
Citation
Journal Of The Operational Research Society, 1997, v. 48 n. 12, p. 1245-1253 How to Cite?
DOI: http://dx.doi.org/10.1057/palgrave.jors.2600466
AbstractThis paper is an exploratory study of a very common variation of the classical newsboy problem: in addition to the supply at the beginning of the sales period, an additional replenishment opportunity exists sometime during the sales period. A basic model for the problem is presented and a semi-analytical solution procedure is developed. Numerical solutions obtained reveal certain interesting properties of the model. The paper shows that the replenishment extension makes the newsboy problem much more challenging managerially and also that it can be practically solved with significant profit implications.
Persistent Identifierhttp://hdl.handle.net/10722/177861
ISSN
0160-5682
2021 Impact Factor: 3.051
2020 SCImago Journal Rankings: 0.753
References
References in Scopus

 

DC FieldValueLanguage
dc.contributor.authorLau, HSen_US
dc.contributor.authorLau, AHLen_US
dc.date.accessioned2012-12-19T09:40:36Z-
dc.date.available2012-12-19T09:40:36Z-
dc.date.issued1997en_US
dc.identifier.citationJournal Of The Operational Research Society, 1997, v. 48 n. 12, p. 1245-1253en_US
dc.identifier.issn0160-5682en_US
dc.identifier.urihttp://hdl.handle.net/10722/177861-
dc.description.abstractThis paper is an exploratory study of a very common variation of the classical newsboy problem: in addition to the supply at the beginning of the sales period, an additional replenishment opportunity exists sometime during the sales period. A basic model for the problem is presented and a semi-analytical solution procedure is developed. Numerical solutions obtained reveal certain interesting properties of the model. The paper shows that the replenishment extension makes the newsboy problem much more challenging managerially and also that it can be practically solved with significant profit implications.en_US
dc.languageengen_US
dc.publisherPalgrave Macmillan Ltd. The Journal's web site is located at http://www.palgrave-journals.com/jors/index.htmlen_US
dc.relation.ispartofJournal of the Operational Research Societyen_US
dc.subjectInventoryen_US
dc.subjectNewsboy Problemen_US
dc.subjectStochastic Demanden_US
dc.titleA semi-analytical solution for a newsboy problem with mid-period replenishmenten_US
dc.typeArticleen_US
dc.identifier.emailLau, AHL: ahlau@business.hku.hken_US
dc.identifier.authorityLau, AHL=rp01072en_US
dc.description.naturelink_to_subscribed_fulltexten_US
dc.identifier.doi10.1057/palgrave.jors.2600466-
dc.identifier.scopuseid_2-s2.0-0031351657en_US
dc.relation.referenceshttp://www.scopus.com/mlt/select.url?eid=2-s2.0-0031351657&selection=ref&src=s&origin=recordpageen_US
dc.identifier.volume48en_US
dc.identifier.issue12en_US
dc.identifier.spage1245en_US
dc.identifier.epage1253en_US
dc.publisher.placeUnited Kingdomen_US
dc.identifier.scopusauthoridLau, HS=7201497264en_US
dc.identifier.scopusauthoridLau, AHL=7202626080en_US
dc.identifier.issnl0160-5682-

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