A generalized newsboy problem with purchase timing

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Title:	A generalized newsboy problem with purchase timing
Authors:	陳淼勝;Chen, Miao-Sheng
Contributors:	企業管理學系
Date:	2000
Issue Date:	2023-08-03 14:20:38 (UTC+8)
Abstract:	This paper deals with the simultaneous determinations of optimal purchase timing and optimal order quantity at a purchase price discount in a generalized newsboy problem. It is assumed that the distribution of the demand with a decreasing variance over the time represents the forecasting ability of the buyer. Thus, in addition to the well-known tradeoffs associated with stocking products under uncertain spot demand, there is an additional tradeoff associated with the purchase cost depending on the purchase timing. A model is proposed, and the solutions are interpreted and compared for some particular set of parameter values.
Relation:	Journal of Statistics and Management Systems vol. 3, no. 1 pp.91-104
Appears in Collections:	[Department of Business Administration, Master/Ph.D Program in Management Sciences] Periodical Articles

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