Optimal Solutions under Risk and Uncertainty for Several Variations of the Newsboy Problem.

Abstract

Four variations of the well-known newsboy problems are investigated for their optimal solutions using several principles of choice. two mixed newsboy problems which are addressed are the continuous supply, discrete demand problem, and the discrete supply, continuous demand problem. Additionally, two package supply newsboy problems are investigated. For all four problems, optimal solutions are given to minimize expected cost, maximize the probability that cost is below an aspiration level, meet the LaPlace criterion, and minimax cost. (Author)

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Document Details

Document Type
Technical Report
Publication Date
Mar 01, 1980
Accession Number
ADA084955

Entities

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  • Sutat Khayim

Organizations

  • Naval Postgraduate School

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  • C4I

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  • California
  • Difference Equations
  • Distribution Functions
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  • Inventory
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  • Operations Research
  • Probability
  • Probability Density Functions
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  • Uncertainty

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