Abstract
In this paper based on the traditional stochastic inventory control problem, namely, the Newsboy problem, considered the factor of inventory item which has an impact on the decision-making model, a new model is built up. While assuming the form of demand to meet the adding form, and considering the impact of the price on the demand rate and the impact of the demand rate on inventory item, we discuss a new subscription model, and give corresponding calculation methods to determine the optimal order quantity and optimal sales price. Model in this paper is an extension of existing models, while the known model is a special case of this model. At last an simple example is given.
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Xiao, J., Lu, F., Xiao, X. (2010). Stochastic Newsboy Inventory Control Model and Its Solving on Multivariate Products Order and Pricing. In: Zhu, R., Zhang, Y., Liu, B., Liu, C. (eds) Information Computing and Applications. ICICA 2010. Lecture Notes in Computer Science, vol 6377. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-16167-4_9
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DOI: https://doi.org/10.1007/978-3-642-16167-4_9
Publisher Name: Springer, Berlin, Heidelberg
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