Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
6894729 | European Journal of Operational Research | 2018 | 4 Pages |
Abstract
We analyze the price-sensitive newsvendor problem with non-negative linear additive demand. We show that the problem always has an optimal solution and identify random demand distributions for which a unique optimal solution can be computed by showing that, for those distributions, the expected profit is a quasiconcave function of the retail price.
Keywords
Related Topics
Physical Sciences and Engineering
Computer Science
Computer Science (General)
Authors
George J. Kyparisis, Christos Koulamas,