| Article ID: | iaor199635 |
| Country: | United Kingdom |
| Volume: | 46 |
| Issue: | 4 |
| Start Page Number: | 537 |
| End Page Number: | 542 |
| Publication Date: | Apr 1995 |
| Journal: | Journal of the Operational Research Society |
| Authors: | Ilkyeong Moon, Sangjin Choi |
| Keywords: | newsboy problem |
The purpose of this paper is to study the classic newsboy model with more realistic assumptions. First, it allows customers to balk when inventory level is low. Secondly, it relaxes the assumption that the cumulative distribution function of the demand is completely known and merely assumes that the first two moments of the distribution function are known.