The videotape rental model

The videotape rental model

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Article ID: iaor20001088
Country: New Zealand
Volume: 3
Issue: 2
Start Page Number: 163
End Page Number: 170
Publication Date: Dec 1999
Journal: Journal of Applied Mathematics & Decision Sciences
Authors: ,
Keywords: sports
Abstract:

In this paper we study the situation faced by a videotape rental store which must decide how many copies of a new videotape release it should purchase for rental to customers. A model representing this process is developed and contrasted with the classical newsboy problem.

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