Satisficing Newsvendor Problem with the Optimism Coefficient

• Autorzy: Bieniek Milena

Identyfikatory

DOI

10.2478/fcds-2019-0013

• Języki publikacji: EN

Abstrakty

EN

In this research note the satisficing newsvendor problem is considered which is defined as the maximization of the probability of exceeding the expected profit multiplied by a positive constant. This constant called optimism coefficient can be chosen by the firm's management either based on their preference or the market conditions. The coefficient indicates whether there is a low or high optimistic decision maker. For the general demand distribution the results are significantly dependent on this coefficient.

Słowa kluczowe

EN

inventory control; optimization; newsvendor; optimism coefficient

• Wydawca: Wydawnictwo Politechniki Poznańskiej
• Czasopismo: Foundations of Computing and Decision Sciences
• Rocznik: 2019
• Tom: Vol. 44, No. 3
• Strony: 261--271
• Opis fizyczny: Bibliogr. 19 poz., rys., tab.

Twórcy

autor

Bieniek Milena

• Economic Faculty, Maria Curie-Sklodowska University, Plac Marii Curie-Sklodowskiej 5, 20-031 Lublin, Poland

Bibliografia

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Uwagi

Opracowanie rekordu w ramach umowy 509/P-DUN/2018 ze środków MNiSW przeznaczonych na działalność upowszechniającą naukę (2019).