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: | Drezner Zvi, Pasternack Barry A. |
Keywords: | sports |
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.