Article ID: | iaor20023116 |
Country: | United Kingdom |
Volume: | 30 |
Issue: | 1 |
Start Page Number: | 45 |
End Page Number: | 50 |
Publication Date: | Feb 2002 |
Journal: | OMEGA |
Authors: | Casimir Rommert J. |
The multi-item newsboy problem is used to determine the value of two types of incomplete information, global information and product-mix information. It is shown that this value depends on the number of products, the existence of a budget restriction and the degree of substitutability.