An Approach for Solving the Multi-product Newsboy Problem

نویسندگان

  • Nathapol Areeratchakul
  • Layek Abdel-Malek
چکیده

We propose a solution methodology for the multi-product newsboy model with constraints that is based on quadratic programming and a triangular presentation of the area under the cumulative probability distribution function of the demand. The methodology allows easier application of this important inventory control model that could be of particular interest in supply chain management as well as in offering a portable means to pedagogy in this field. KeywordsOptimization, Quadratic programming, Newsboy ∗ Corresponding author’s email: [email protected] International Journal of Operations Research 1813-713X Copyright 2006 ORSTW

برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

ثبت نام

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

منابع مشابه

Solving a Bi-Objective Multi-Product Vehicle Routing Problem with Heterogeneous Fleets under an Uncertainty Condition

This paper presents a novel bi-objective multi-product capacitated vehicle routing problem with uncertainty in demand of retailers and volume of products (UCVRP) and heterogeneous vehicle fleets. The first of two conflict fuzzy objective functions is to minimize the cost of the used vehicles, fuel consumption for full loaded vehicles and shortage of products. The second ...

متن کامل

A portfolio approach to multi-product newsboy problem with budget constraint

This paper investigates a portfolio approach to multi-product newsboy problem with budget constraint, in which the procurement strategy for each newsboy product is designed as portfolio contract. A portfolio contract consists of a fixed-price contract and an option contract. We model the problem as a profit-maximization model, and propose an efficient solution procedure after investigating the ...

متن کامل

A new heuristic approach to solve product mix problems in a multi-bottleneck system

Product mix problem (PMP) is one of the most important and complicated problems in production systems. Different approaches have been applied to solve this problem, among them, theory of constraints (TOC) has been widely considered since 1990s. This paper develops a distinguished algorithm to solve product mix prob-lems that is efficient both in single and multi-bottleneck problems. At first, t...

متن کامل

Solving New Product Selection Problem by a New Hierarchical Group Decision-making Approach with Hesitant Fuzzy Setting

Selecting the most suitable alternative under uncertainty is considered as a critical decision-making problem that affects the success of organizations. In the selection process, there are a number of assessment criteria, considered by a group of decision makers, which often could be established in a multi-level hierarchy structure. The aim of this paper is to introduce a new hierarchical multi...

متن کامل

A multi-product, multi-period model to select supplier for deteriorating products while considering uncertainty as well as backorder

Determining supplier and optimum order of the quantity is an issue of great importance in logistics management for many companies. In this regard, it is crucial to determine the best decisions for the order quantity as well as the most suitable supplier through considering existing limitations and uncertainties. To optimize a multi-product, multi-period model with select supplier for deteriorat...

متن کامل

ذخیره در منابع من


  با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید

برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

ثبت نام

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

عنوان ژورنال:

دوره   شماره 

صفحات  -

تاریخ انتشار 2005