A note on optimal "riskless" and "risk" prices for the newsvendor problem with an assembly cost

Mingming LENG; Mahmut PARLAR

A note on optimal "riskless" and "risk" prices for the newsvendor problem with an assembly cost

Department of Computing and Decision Sciences

Research output: Journal Publications › Journal Article (refereed) › peer-review

Abstract

For an assemble-to-order Örm operating in a single period, we Önd that, for the multiplicative demand case the optimal riskless price may or may not be higher than the optimal risk price. However, for the additive demand case, the optimal riskless price is always greater than the optimal risk pric

Original language	English
Pages (from-to)	209-219
Number of pages	11
Journal	International Journal of Inventory Research
Volume	1
Issue number	2
Publication status	Published - 1 Jan 2010

Bibliographical note

Prof. LENG Mingming - Research supported by the Research and Postgraduate Studies Committee of Lingnan University under Research Project No. DR08A7.

Prof. PARLAR Mahmut - Research supported by the Natural Sciences and Engineering Research Council of Canada.

Keywords

Assembly/processing cost; risk price; riskless price; stocking factor; base price

Access to Document

http://www.inderscienceonline.com/doi/pdf/10.1504/IJIR.2010.031463

Cite this

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AU - PARLAR, Mahmut

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N2 - For an assemble-to-order Örm operating in a single period, we Önd that, for the multiplicative demand case the optimal riskless price may or may not be higher than the optimal risk price. However, for the additive demand case, the optimal riskless price is always greater than the optimal risk pric

AB - For an assemble-to-order Örm operating in a single period, we Önd that, for the multiplicative demand case the optimal riskless price may or may not be higher than the optimal risk price. However, for the additive demand case, the optimal riskless price is always greater than the optimal risk pric

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M3 - Journal Article (refereed)

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A note on optimal "riskless" and "risk" prices for the newsvendor problem with an assembly cost

Abstract

Bibliographical note

Keywords

Access to Document

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