TY - CHAP
T1 - The multi-product newsvendor problem: Review, extensions, and directions for future research
AU - Turken, Nazli Z
AU - Tan, Yinliang
AU - Vakharia, Asoo J.
AU - Wang, Lan
AU - Wang, Ruoxuan
AU - Yenipazarli, Arda
PY - 2012/1/1
Y1 - 2012/1/1
N2 - In this paper, we review the contributions to date for the multi-product newsvendor problem (MPNP). Our focus is on the current literature concerning the mathematical models and the solution methods for the multi-item newsvendor problems with single or multiple constraints, as well as the effects of substitute and complementary products on the stocking decisions and expected profits. We present some extensions to the current work for a stylized setting assuming two products and conclude with directions for future research.
AB - In this paper, we review the contributions to date for the multi-product newsvendor problem (MPNP). Our focus is on the current literature concerning the mathematical models and the solution methods for the multi-item newsvendor problems with single or multiple constraints, as well as the effects of substitute and complementary products on the stocking decisions and expected profits. We present some extensions to the current work for a stylized setting assuming two products and conclude with directions for future research.
KW - Complementary products
KW - Effects of substitute
KW - Future research
KW - Multi-product newsvendor
KW - Multiple constraints
KW - Single constraint
UR - https://www.scopus.com/inward/record.uri?partnerID=HzOxMe3b&scp=84955163949&origin=inward
UR - https://www.scopus.com/inward/citedby.uri?partnerID=HzOxMe3b&scp=84955163949&origin=inward
U2 - 10.1007/978-1-4614-3600-3_1
DO - 10.1007/978-1-4614-3600-3_1
M3 - Chapter
VL - 176
T3 - International Series in Operations Research and Management Science
SP - 3
EP - 39
BT - International Series in Operations Research and Management Science
PB - Springer New York [email protected]
CY - usa
ER -