On Real-Time Accounting of Inventory Costs in the Newsvendor Model and Its Effect on the Service Level
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چکیده
منابع مشابه
On Real-Time Accounting of Inventory Costs in the Newsvendor Model and Its Effect on the Service Level
The newsvendor model is the cornerstone of most periodic inventory models; however, it distorts the correct timing of inventory costs and thus misses the optimal solution of the inventory system. This work presents a modification of the classical newsvendor model that considers the holding cost according to the stock-levels within the selling period rather than according to the stock-level at t...
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ژورنال
عنوان ژورنال: Journal of Service Science and Management
سال: 2014
ISSN: 1940-9893,1940-9907
DOI: 10.4236/jssm.2014.72008