The distribution free newsboy problem with partial information
Document Type
Article
Publication Title
International Journal of Operational Research
Abstract
We present a new ordering rule for the newsboy problem where besides the mean and variance of demand, the probability that the demand assumes the value zero is known. We derive a lower bound for the expected profit over the set of distributions with given parameters and construct a distribution which achieves the bound. We apply our analysis to an M/G/1 queue with server vacations, which is the base model for many production-inventory systems.
DOI Link
Publication Date
6-12-2018
Publisher
Inderscience Enterprises Ltd.
Volume
Vol.33
Issue
Iss.4
Recommended Citation
Diatha, Krishna Sundar; Ravikumar, K; and Mahajan, Siddharth, "The distribution free newsboy problem with partial information" (2018). Faculty Publications. 596.
https://research.iimb.ac.in/fac_pubs/596
