The single-period (news-vendor) problem: literature review and suggestions for future research
نویسنده
چکیده
The single-period problem (SPP), also known as the newsboy or news-vendor problem, is to ®nd the order quantity which maximizes the expected pro®t in a single period probabilistic demand framework. Interest in the SPP remains unabated and many extensions to it have been proposed in the last decade. These extensions include dealing with dierent objectives and utility functions, dierent supplier pricing policies, dierent news-vendor pricing policies and discounting structures, dierent states of information about demand, constrained multi-products, multiple-products with substitution, random yields, and multi-location models. This paper builds a taxonomy of the SPP literature and delineates the contribution of the dierent SPP extensions. This paper also suggests some future directions for research. # 1999 Elsevier Science Ltd. All rights reserved.
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