Skip to main content
Disciplines
Automotive Business IT + Informatics Construction + Real Estate Electrical Engineering + Electronics Energy + Sustainability Insurance + Risk Finance + Banking Management + Leadership Marketing + Sales Mechanical Engineering + Materials
Events
DE
EN
Books
Journals
Topic Page
Marketing
Start single access now
Access for companies
EXTENDED SEARCH
Log in
Top
Published in:
Scope of Problem Coverage and Introduction Read chapter Read first chapter

2012 | OriginalPaper | Chapter

4. Single-Period Stochastic Inventory Planning with Demand Selection

Author : Joseph Geunes

Published in: Demand Flexibility in Supply Chain Planning

Publisher: Springer New York

Log in

Activate our intelligent search to find suitable subject content or patents.

search-config
loading …

Abstract

This chapter deals with a generalization of the single-period newsvendor problem. We consider a setting in which a decision maker at a single stocking point must determine the stock level for a single product under uncertain demand. In addition to determining the item’s stock level, the decision maker must select a subset from a set of individual demands, each of which is uncertain and follows a particular probability distribution. Assuming normally distributed and independent demand streams results in a class of problems that are strikingly similar to the problems considered in the previous chapter, although the underlying model assumptions are quite different.

Dont have a licence yet? Then find out more about our products and how to get one now:

Springer Professional "Wirtschaft+Technik"

Online-Abonnement

Mit Springer Professional "Wirtschaft+Technik" erhalten Sie Zugriff auf:

  • über 102.000 Bücher
  • über 537 Zeitschriften

aus folgenden Fachgebieten:

  • Automobil + Motoren
  • Bauwesen + Immobilien
  • Business IT + Informatik
  • Elektrotechnik + Elektronik
  • Energie + Nachhaltigkeit
  • Finance + Banking
  • Management + Führung
  • Marketing + Vertrieb
  • Maschinenbau + Werkstoffe
  • Versicherung + Risiko

Jetzt Wissensvorsprung sichern!

inform now

Springer Professional "Wirtschaft"

Online-Abonnement

Mit Springer Professional "Wirtschaft" erhalten Sie Zugriff auf:

  • über 67.000 Bücher
  • über 340 Zeitschriften

aus folgenden Fachgebieten:

  • Bauwesen + Immobilien
  • Business IT + Informatik
  • Finance + Banking
  • Management + Führung
  • Marketing + Vertrieb
  • Versicherung + Risiko




Jetzt Wissensvorsprung sichern!

inform now
previous chapter EOQ-Type Models with Demand Selection
next chapter Dynamic Lot Sizing with Demand Selection and the Pricing Analog
Footnotes
1
For a detailed discussion of the more general case in which μ j (0)>0 and \(\sigma_{j}^{2}(0)>0\), please see [3].
 
2
Please see [1] for a discussion of fairly general models for which this property holds, i.e., at most one value exists satisfying (4.16) for each pair of markets.
 
Literature
1.
Bakal I, Geunes J, Romeijn H (2008) Market Selection Decisions for Inventory Models with Price-Sensitive Demand. Journal of Global Optimization 41(4):633–657 MathSciNetMATHCrossRef
2.
Romeijn H, Geunes J, Taaffe K (2007) Solution Methods for a Class of Nonlinear, Non-Separable Knapsack Problems. Operations Research Letters 35(2):172–180 MathSciNetMATHCrossRef
3.
Taaffe K, Geunes J, Romeijn H (2008) Target Market Selection with Demand Uncertainty: The Selective Newsvendor Problem. European Journal of Operational Research 189(3):987–1003 MATHCrossRef
Metadata
Title
Single-Period Stochastic Inventory Planning with Demand Selection
Author
Joseph Geunes
Copyright Year
2012
Publisher
Springer New York
Book
Demand Flexibility in Supply Chain Planning

Print ISBN: 978-1-4419-9346-5

Electronic ISBN: 978-1-4419-9347-2

Copyright Year: 2012

DOI
https://doi.org/10.1007/978-1-4419-9347-2_4

Premium Partner

    Image Credits