The classical newsboy problem is an important issue in inventory theory. The characteristic of newsboy problem is that the goods are perishable. In the selling period, the goods will decrease the degree of freshness as the expiration date of the goods gets closer. Then this will decrease the buying willingness of the customer. In this article, we assume that there are several selling locations and buying willingness will depend on the degree of freshness of the goods. Then the decision makers should determine the optimal selling period and distribute suitable quantity of goods to each location such that the expected profit per unit time is maximized.
Far East Journal of Mathematical Sciences 100(12), p.2019-2027