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Multi-product newsboy problem with satiation objective

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  • Khanra, Avijit

Abstract

Meeting the pro t target is often preferred over maximizing expected pro t in uncertain business environments. Research into the newsboy problem with satiation objective started quite early. However, the progress has been slow, particularly in the multi-product setting. We study the general multi-product newsboy problem with satiation objective. A discrete formulation is adopted. Computational methods for evaluating and maximizing the satiation probability (i.e., probability of meeting the pro t target) are developed. Diculties associated with the conventional continuous formulation are also discussed.

Suggested Citation

  • Khanra, Avijit, 2014. "Multi-product newsboy problem with satiation objective," IIMA Working Papers WP2014-01-01, Indian Institute of Management Ahmedabad, Research and Publication Department.
    • Handle: RePEc:iim:iimawp:12818
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    Cited by:

    1. Khanra, Avijit, 2014. "An efficient heuristic for the multi-product satiating newsboy problem," IIMA Working Papers WP2014-06-03, Indian Institute of Management Ahmedabad, Research and Publication Department.
    2. Khanra, Avijit & Soman, Chetan, 2014. "Heuristics for the multi-product satiating newsboy problem," IIMA Working Papers WP2014-01-02, Indian Institute of Management Ahmedabad, Research and Publication Department.

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