A risk-averse newsvendor model with pricing consideration
A decision maker who is facing a random demand for a perishable product, such as newspapers, decides how many units to order for a single selling period. This single-period inventory problem is often referred to as the \classic newsvendor problem", in which the selling price is ¯xed, the order...
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| Format: | Others |
| Language: | en |
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Digital Commons @ Lingnan University
2004
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| Online Access: | https://commons.ln.edu.hk/otd/18 https://commons.ln.edu.hk/cgi/viewcontent.cgi?article=1016&context=otd |