Optimal solutions under risk and uncertainty for several variations of the newsboy problem
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Authors
Khayim, Sutat
Subjects
Variations of newsboy problem
Advisors
Lindsay, George F.
Date of Issue
1980-03
Date
March 1980
Publisher
Monterey, California; Naval Postgraduate School
Language
en_US
Abstract
Four variations of the well-known newsboy problems are investigated for their optimal solutions using several principles of choice. Two "mixed" newsboy problems which are addressed are the continuous supply, discrete demand problem and the discrete supply, continuous demand problem. Additionally, two "package supply" newsboy problems are investigated. For all four problems, optimal solutions are given to minimize expected cost, maximize the probability that cost is below an aspiration level, meet the Laplace criterion, and minimax cost.
Type
Thesis
Description
Series/Report No
Department
Department of Operations Research
Organization
Naval Postgraduate School
Identifiers
NPS Report Number
Sponsors
Funder
Format
Citation
Distribution Statement
Approved for public release; distribution is unlimited.
Rights
Copyright is reserved by the copyright owner.