A note on multi-location newsboy problem with lost sale which depends on holding time

機構典藏 > College of Business and Management > Graduate Institute & Department of Statistics > Journal Article > Item 987654321/121935

Please use this identifier to cite or link to this item: https://tkuir.lib.tku.edu.tw/dspace/handle/987654321/121935

Title:	A note on multi-location newsboy problem with lost sale which depends on holding time
Authors:	Chen, Ying-Chieh;Shieh, Chen-Huan;Chang, Ling-Ling;Liao, Hsiu-Mei
Keywords:	inventory;Poisson process;newsboy problem;price discount
Date:	2021-09-23
Issue Date:	2022-01-13 12:13:31 (UTC+8)
Abstract:	In [3], Chen’s model deals with a multi-location newsboy problem which assumes that (1) the demand rate of each location follows Poisson distribution, (2) the goods will decrease the degree of freshness as the expiration date of the goods gets closer, and the buying willingness of the customer will decrease. Based on these assumptions, we find the optimal solution of the model. In this article, we assume that the price reduction will increase the buying willingness, so we intend to reduce the unit price at time ε in the selling period [0, t], and then determine the optimal selling period and distribute suitable quantity of goods to each location such that the expected profit per unit time is maximized.
Relation:	Far East Journal of Mathematical Sciences 132(1), p.21-29
DOI:	10.17654/MS132010021
Appears in Collections:	[Graduate Institute & Department of Statistics] Journal Article

Files in This Item:

File	Description	Size	Format
index.html		0Kb	HTML	48	View/Open