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Simple formulas for the expected costs in the newsboy problem: An educational note

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  • Hon-Shiang Lau
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    Article provided by Elsevier in its journal European Journal of Operational Research.

    Volume (Year): 100 (1997)
    Issue (Month): 3 (August)
    Pages: 557-561

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    Handle: RePEc:eee:ejores:v:100:y:1997:i:3:p:557-561

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    Web page: http://www.elsevier.com/locate/eor

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    Cited by:
    1. Hing-Ling Lau, Amy & Lau, Hon-Shiang & Willett, Keith D., 2000. "Demand uncertainty and returns policies for a seasonal product: An alternative model," International Journal of Production Economics, Elsevier, vol. 66(1), pages 1-12, June.
    2. Khouja, Moutaz, 1999. "The single-period (news-vendor) problem: literature review and suggestions for future research," Omega, Elsevier, vol. 27(5), pages 537-553, October.
    3. Kevork, Ilias S., 2010. "Estimating the optimal order quantity and the maximum expected profit for single-period inventory decisions," Omega, Elsevier, vol. 38(3-4), pages 218-227, June.
    4. Halkos, George & Kevork, Ilias, 2012. "Evaluating alternative frequentist inferential approaches for optimal order quantities in the newsvendor model under exponential demand," MPRA Paper 39650, University Library of Munich, Germany.
    5. Halkos, George & Kevork, Ilias, 2012. "Validity and precision of estimates in the classical newsvendor model with exponential and rayleigh demand," MPRA Paper 36460, University Library of Munich, Germany.
    6. Halkos, George & Kevork, Ilias, 2012. "Evaluating alternative estimators for optimal order quantities in the newsvendor model with skewed demand," MPRA Paper 36205, University Library of Munich, Germany.
    7. Halkos, George & Kevork, Ilias, 2012. "The classical newsvendor model under normal demand with large coefficients of variation," MPRA Paper 40414, University Library of Munich, Germany.
    8. Kumar Satyendra & Venkata Rao, V. & Tirupati Devanath, . "Multiple products, multiple constraints, single period inventory problem: A Hierarchical solution procedure," IIMA Working Papers WP2003-11-03, Indian Institute of Management Ahmedabad, Research and Publication Department.
    9. Halkos, George & Kevork, Ilias, 2011. "Non-negative demand in newsvendor models:The case of singly truncated normal samples," MPRA Paper 31842, University Library of Munich, Germany.
    10. Halkos, George & Kevork, Ilias & Tziourtzioumis, Chris, 2014. "On the convexity of the cost function for the (Q,R) inventory model," MPRA Paper 55675, University Library of Munich, Germany.
    11. Su, Rung Hung & Pearn, Wen Lea, 2011. "Product selection for newsboy-type products with normal demands and unequal costs," International Journal of Production Economics, Elsevier, vol. 132(2), pages 214-222, August.
    12. Khouja, Moutaz & Robbins, Stephanie S., 2003. "Linking advertising and quantity decisions in the single-period inventory model," International Journal of Production Economics, Elsevier, vol. 86(2), pages 93-105, November.

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