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The robust min-max newsvendor problem with balking under a service level constraint
2013
South African Journal of Industrial Engineering
In this paper we study an extension of a classic newsvendor model with balking under a service-level constraint. We also relax the assumption that the demand distribution is fully available to a decision-maker; we assume that only the mean and variance of the demand distribution are known, and discuss the procedure for determining the optimal order quantity for the concomitant model. We further extend our base model to two different cases: (i) when the fixed ordering cost is included, and (ii)
doi:10.7166/24-3-600
fatcat:hxlnymq2xfdhpnj2qzvm3lnbwe