Goal Setting in the Newsvendor Problem with Uniformly Distributed Demand

• Autorzy: Milena Bieniek
• Języki publikacji: EN

Abstrakty

EN

In the paper we introduce the newsvendor problem with a satisficing-level objective, which is defined as maximization of the probability of exceeding the moving target. This target is defined as the expected profit, multiplied by a positive constant. The constant is chosen by the management and it indicates whether the low or the high goal should be achieved. We obtain closed form solutions of this newsvendor model with uniformly distributed demand. Additionally, we consider a bicriteria problem with the satisficing- -level and the classical objective.(original abstract)

Słowa kluczowe

EN

Inventory control model; Inventory models; Decision making

PL

Model sterowania zapasami; Modele zapasów; Podejmowanie decyzji

• Czasopismo: Multiple Criteria Decision Making / University of Economics in Katowice
• Rocznik: 2018
• Tom: 13
• Strony: 91--102

Twórcy

autor

Milena Bieniek

• Maria Curie-Skłodowska University in Lublin, Poland

Bibliografia

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Identyfikatory

DOI

10.22367/mcdm.2018.13.05