Newsvendor bounds and a heuristic for optimal policies in serial supply chains

Newsvendor bounds and a heuristic for optimal policies in serial supply chains

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Article ID: iaor200381
Country: United States
Volume: 4
Issue: 1
Start Page Number: 2
End Page Number: 4
Publication Date: Dec 2002
Journal: Manufacturing & Service Operations Management
Authors:
Keywords: newsboy problem
Abstract:

This is an extended abstract of a paper that was a finalist in the Manufacturing and Service Operating Management Society's 2001 Student Paper Competition. A heuristic for the optimal echelon base-stock levels is developed, which enables the effects of system parameters on the optimal cost and policies to be studied analytically.

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