Extended Newsvendor models
Encyclopedia
Extended newsvendor models are variations of the classic newsvendor model involving production capacity constraints, multiple products, multiple production cycles, demand dependent selling price, etc. that appear in the Operations management
literature.
Operations management
Operations management is an area of management concerned with overseeing, designing, and redesigning business operations in the production of goods and/or services. It involves the responsibility of ensuring that business operations are efficient in terms of using as little resources as needed, and...
literature.
Further reading
- E. J. Lodree: A Simulation Optimization Approach for the Two-Product Newsvendor Problem
- P. Mileff, K. Nehez: An Extended Newsvendor Model for Customized Mass Production, AOM – Advanced modeling and Optimization. Electronic International Journal, Volume 8, Number 2. pp 169–186. (2006)
- P. Mileff, K. Nehez: Evaluating the Proper Service Level In a Cooperate Supply Chain Environment, MIM'07. IFAC workshop on manufacturing modelling, management and control. Budapest, Hungary. pp 123–126. (2007)