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: I need time with Planck-time accuracy, actually.
gollark: What if I want to schedule universe #1258-β?
gollark: https://sqlite.org/lang_datefunc.html
gollark: It's a common format, in that at least two things support it.
gollark: Ah, like SQLite.
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