IDEAS home Printed from https://ideas.repec.org/a/inm/orinte/v31y2001i6p112-122.html
   My bibliography  Save this article

Preparing Our Students to Be Newsvendors

Author

Listed:
  • Phillip E. Pfeifer

    (Darden Graduate School of Business, University of Virginia, P.O. Box 6550, Charlottesville, Virginia 22906-6550)

  • Samuel E. Bodily

    (Darden Graduate School of Business, University of Virginia)

  • Robert L. Carraway

    (Darden Graduate School of Business, University of Virginia)

  • Dana R. Clyman

    (Darden Graduate School of Business, University of Virginia)

  • Sherwood C. Frey

    (Darden Graduate School of Business, University of Virginia)

Abstract

Teachers of management science in schools of business use a variety of criteria in deciding what to teach and how to teach it. An important criterion that is often ignored is how our students will—as opposed to could or even should—actually address decision-making situations they encounter after taking our courses. One such situation that is commonly addressed in management science courses is the newsvendor problem. Applying the criterion of how students are expected to act when facing a newsvendor problem or any other of the situations commonly addressed in management science courses is an important factor to consider when designing managerially relevant courses.

Suggested Citation

  • Phillip E. Pfeifer & Samuel E. Bodily & Robert L. Carraway & Dana R. Clyman & Sherwood C. Frey, 2001. "Preparing Our Students to Be Newsvendors," Interfaces, INFORMS, vol. 31(6), pages 112-122, December.
    • Handle: RePEc:inm:orinte:v:31:y:2001:i:6:p:112-122
    DOI: 10.1287/inte.31.6.112.9639
    as

    Download full text from publisher

    File URL: http://dx.doi.org/10.1287/inte.31.6.112.9639
    Download Restriction: no
    File URL: https://libkey.io/10.1287/inte.31.6.112.9639?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Lau, Hon-Shiang & Lau, Amy Hing-Ling, 1997. "Reordering strategies for a newsboy-type product," European Journal of Operational Research, Elsevier, vol. 103(3), pages 557-572, December.
    2. Casimir, Rommert J., 1999. "Strategies for a blind newsboy," Omega, Elsevier, vol. 27(1), pages 129-134, February.
    3. Steven A. Lippman & Kevin F. McCardle, 1997. "The Competitive Newsboy," Operations Research, INFORMS, vol. 45(1), pages 54-65, February.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Xiangling Hu & Ashok Kumar, 2013. "Case Article ---Beijing Opera Mask Sales in Four Cities in the United States," INFORMS Transactions on Education, INFORMS, vol. 13(3), pages 138-144, May.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Wang, Charles X. & Webster, Scott, 2009. "The loss-averse newsvendor problem," Omega, Elsevier, vol. 37(1), pages 93-105, February.
    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. Moon, Ilkyeong & Feng, Xuehao, 2017. "Supply chain coordination with a single supplier and multiple retailers considering customer arrival times and route selection," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 106(C), pages 78-97.
    4. Nils Rudi & Sandeep Kapur & David F. Pyke, 2001. "A Two-Location Inventory Model with Transshipment and Local Decision Making," Management Science, INFORMS, vol. 47(12), pages 1668-1680, December.
    5. Casimir, Rommert J., 2002. "The value of information in the multi-item newsboy problem," Omega, Elsevier, vol. 30(1), pages 45-50, February.
    6. Houyuan Jiang & Zhan Pang, 2011. "Network capacity management under competition," Computational Optimization and Applications, Springer, vol. 50(2), pages 287-326, October.
    7. Ravi Anupindi & Yehuda Bassok & Eitan Zemel, 2001. "A General Framework for the Study of Decentralized Distribution Systems," Manufacturing & Service Operations Management, INFORMS, vol. 3(4), pages 349-368, February.
    8. Jan A. Van Mieghem & Nils Rudi, 2002. "Newsvendor Networks: Inventory Management and Capacity Investment with Discretionary Activities," Manufacturing & Service Operations Management, INFORMS, vol. 4(4), pages 313-335, August.
    9. Anderson, Edward J. & Bao, Yong, 2010. "Price competition with integrated and decentralized supply chains," European Journal of Operational Research, Elsevier, vol. 200(1), pages 227-234, January.
    10. Dasci, A. & Karakul, M., 2009. "Two-period dynamic versus fixed-ratio pricing in a capacity constrained duopoly," European Journal of Operational Research, Elsevier, vol. 197(3), pages 945-968, September.
    11. Jan A. Van Mieghem, 2003. "Commissioned Paper: Capacity Management, Investment, and Hedging: Review and Recent Developments," Manufacturing & Service Operations Management, INFORMS, vol. 5(4), pages 269-302, July.
    12. Vishal Gaur & Young-Hoon Park, 2007. "Asymmetric Consumer Learning and Inventory Competition," Management Science, INFORMS, vol. 53(2), pages 227-240, February.
    13. Meng Li, 2023. "Demand uncertainty reduction among competing retailers," Production and Operations Management, Production and Operations Management Society, vol. 32(6), pages 1994-2001, June.
    14. Joseph Hall & Evan Porteus, 2000. "Customer Service Competition in Capacitated Systems," Manufacturing & Service Operations Management, INFORMS, vol. 2(2), pages 144-165, November.
    15. Shi, Chunming (Victor) & Yang, Shilei & Xia, Yu & Zhao, Xuan, 2011. "Inventory competition for newsvendors under the objective of profit satisficing," European Journal of Operational Research, Elsevier, vol. 215(2), pages 367-373, December.
    16. M A Rahman & B R Sarker & L A Escobar, 2011. "Peak demand forecasting for a seasonal product using Bayesian approach," Journal of the Operational Research Society, Palgrave Macmillan;The OR Society, vol. 62(6), pages 1019-1028, June.
    17. Geng, Qin & Mallik, Suman, 2007. "Inventory competition and allocation in a multi-channel distribution system," European Journal of Operational Research, Elsevier, vol. 182(2), pages 704-729, October.
    18. Wallace J. Hopp & Xiaowei Xu, 2005. "Product Line Selection and Pricing with Modularity in Design," Manufacturing & Service Operations Management, INFORMS, vol. 7(3), pages 172-187, August.
    19. Gérard P. Cachon & Paul H. Zipkin, 1999. "Competitive and Cooperative Inventory Policies in a Two-Stage Supply Chain," Management Science, INFORMS, vol. 45(7), pages 936-953, July.
    20. Huang, Xiao & Sosic, Greys, 2010. "Repeated newsvendor game with transshipments under dual allocations," European Journal of Operational Research, Elsevier, vol. 204(2), pages 274-284, July.

    More about this item

    Keywords

    PROFESSIONAL—OR/MS EDUCATION;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:inm:orinte:v:31:y:2001:i:6:p:112-122. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Asher (email available below). General contact details of provider: https://edirc.repec.org/data/inforea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.