Extended newsvendor model
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.
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)
gollark: That would be bad, so you don't.
gollark: Also, my website would stop working.
gollark: If the internet ceased to exist, the world economy would collapse utterly.
gollark: Still can't work. You use energy keeping your temperature at 37degC or so. You need an input of new chemical energy to keep that working.
gollark: https://raw.githubusercontent.com/oakes/vim_cubed/master/vim3.gif
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