The Distribution Free Newsboy Problem with Balking |
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| Authors: | Ilkyeong Moon Sangjin Choi |
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| Institution: | 1.Pusan National University,Korea |
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| Abstract: | The purpose of this paper is to study the classic newsboy model with more realistic assumptions. First, we allow customers to balk when inventory level is low. Secondly, we relax the assumption that the cumulative distribution function of the demand is completely known and merely assume that the first two moments of the distribution function are known. |
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