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Contribution to Book
The Multi-Product Newsvendor Problem: Review, Extension, and Directions for Future Research
Handbook of Newsvendor Problems: Models, Extensions and Applications (2012)
  • Nazli Turken
  • Yinliang Tan
  • Asoo J. Vakharia, University of Florida
  • Lan Wang
  • Ruoxuan Wang, University of Florida
  • Arda Yenipazarli, Georgia Southern University
Abstract
In this paper, we review the contributions to date for the multi-product newsvendor problem (MPNP). Our focus is on the current literature concerning the mathematical models and the solution methods for the multi-item newsvendor problems with single and multiple constraints, as well as the effect of substitute and complementary products on the stocking decisions and expected profits. We present some extensions to the current work for a stylized setting assuming two products and conclude with directions for future reference.
Keywords
  • Multi-product newsvendor,
  • Complementary products,
  • Effects of substitute,
  • Single constraint,
  • Multiple constraints,
  • Future research
Disciplines
Publication Date
2012
Editor
Tsan-Ming Jason Choi
Publisher
Springer-Verlag
Series
International Series in Operations Research & Management Science
ISBN
978-1-4614-3600-3
DOI
10.1007/978-1-4614-3600-3
Citation Information
Nazli Turken, Yinliang Tan, Asoo J. Vakharia, Lan Wang, et al.. "The Multi-Product Newsvendor Problem: Review, Extension, and Directions for Future Research" 1New York, NYHandbook of Newsvendor Problems: Models, Extensions and Applications Vol. 176 (2012) p. 3 - 39
Available at: http://works.bepress.com/arda_yenipazarli/2/