Contribution to Book
The Multi-Product Newsvendor Problem: Review, Extension, and Directions for Future ResearchHandbook of Newsvendor Problems: Models, Extensions and Applications
Document TypeContribution to Book
AbstractIn 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.
Citation InformationNazli 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/31/