Newsboy Model with Price-and Time-Sensitive Uncertainty Demand
Time and price are very important factors for demand.Through proposing a sensitive coefficient(named as ρ) of market price dependent on wholesale price,this research establishes a random Newsboy model with demand dependent on price and time,and analyzes the relationship among retail price,ordering time and ordering quantities.From theory induction and numerical verification,it proves that there are not global optimal ρ,ordering time and quantity maximizing expected profit,but given a ρ,the optimal order time and quantity are existent.Indirectly it gets the optimal market price,order time and quantity.Moreover,this study makes random factor of demand conforms to Uniform Distribution,and demonstrates the existence and optimal of expected profit.The conclusion of this research will provide some practical suggestions for decision-maker on how to weigh price,time and quantity.
inventory management newsboy model price- and time- sensitive uncertainty demands
Xuemin Li Qingqing Xu Yinhua Mai Lixin Miao
Research Center for Modern LogisticsGraduate School at Shenzhen,Tsinghua UniversityShenzhen,China Research Center for Modern Logistics Graduate School at Shenzhen,Tsinghua University Shenzhen,China
国际会议
北京
英文
2008-10-12（万方平台首次上网日期，不代表论文的发表时间）