On the newsboy problem with an emergency supply option

On the newsboy problem with an emergency supply option

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Article ID: iaor19972244
Country: United Kingdom
Volume: 47
Issue: 12
Start Page Number: 1530
End Page Number: 1534
Publication Date: Dec 1996
Journal: Journal of the Operational Research Society
Authors:
Keywords: newsboy problem
Abstract:

In this note, the authors solve a newsboy problem with an emergency supply option. They solve the new problem with the objectives of maximizing expected profit and maximizing the probablity of achieving a target profit. The new optimal order quantity is smaller than the optimal order quantity without emergency supply.

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