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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
  • Nazli Turken, University of Florida
  • Yinliang Tan, University of Florida
  • Asoo J. Vakharia, University of Florida
  • Lan Wang, University of Florida
  • Ruoxuan Wang, University of Florida
  • Arda Yenipazarli, Georgia Southern University
Document Type
Contribution to Book
Publication Date
1-1-2012
DOI
10.1007/978-1-4614-3600-3_1
ISBN
978-1-4614-3600-3
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 or multiple constraints, as well as the effects 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 research.

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" 1st EditionNew York, NYHandbook of Newsvendor Problems: Models, Extensions and Applications Vol. 176 (2012) p. 3 - 39
Available at: http://works.bepress.com/arda_yenipazarli/31/