Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
1142368 | Operations Research Letters | 2015 | 7 Pages |
Abstract
We consider three cases of the risk-neutral newsboy problem in which the probability distribution of random demand is only known to be non-skewed with given support, mean and variance. In particular, we derive some closed form formulas for the worst-case and best-case order quantities when this distribution is symmetric, and symmetric and unimodal. Extensions of our results are indicated.
Keywords
Related Topics
Physical Sciences and Engineering
Mathematics
Discrete Mathematics and Combinatorics
Authors
Jerzy Kamburowski,