Article ID Journal Published Year Pages File Type
1142368 Operations Research Letters 2015 7 Pages PDF
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.

Related Topics
Physical Sciences and Engineering Mathematics Discrete Mathematics and Combinatorics
Authors
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