The Distribution Free Newsboy Problem with Balking

Ilkyeong Moon · Sangjin Choi

117 citations0/0 files storedJournal of the Operational Research Society

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Supply Chain and Inventory Management Advanced Queuing Theory Analysis Optimization and Search Problems

Abstract

The purpose of this paper is to study the classic newsboy model with more realistic assumptions. First, we allow customers to balk when inventory level is low. Secondly, we relax the assumption that the cumulative distribution function of the demand is completely known and merely assume that the first two moments of the distribution function are known.

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References

1993The Distribution Free Newsboy Problem: Review and Extensions 2005A Min-Max Solution of an Inventory Problem 1960Studies in the Mathematical Theory of Inventory and Production 1994Distribution Free Procedures for Some Inventory Models

Cited by

2000The Multi-Item Newsvendor Problem with a Budget Constraint and Fixed Ordering Costs 2014Manufacturing setup cost reduction and quality improvement for the distribution free continuous-review inventory model with a service level constraint 1999Lead Time and Ordering Cost Reductions in Continuous Review Inventory Systems with Partial Backorders 2016Customer reviews for demand distribution and sales nowcasting: a big data approach 2018Profit Sharing Agreements in Decentralized Supply Chains: A Distributionally Robust Approach 1997Distribution free procedures for make-to-order (MTO), make-in-advance (MIA), and composite policies 2010The effect of advertising on the distribution-free newsboy problem 2020The distributionally robust optimization model for a remanufacturing system under cap-and-trade policy: a newsvendor approach

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