Handbook of newsvendor problems: models, extensions and applications

As a fundamental problem in stochastic inventory control, the newsvendor problem has been studied since the 18th century in the economic literature, and has been widely used to analyze supply chains in fashion and seasonal product industries. Since the 1950s, the newsvendor problem has been extensively studiedin operations research and extended to model a variety of real-life problems.The simplest and most elementary version of the newsvendor problem is an optimal stocking problem in which a newsvendor needs to decide how many newspapersto order for future demand, where the future demand is uncertain and follows a stationary distribution. Research in this area has greatly increased over the last few years, and now the Handbook of Newsvendor Problems: Models, Extensions and Applications captures the state of the art.The handbook consists of two sections -- Models and Extensions, and Applications. Each section includes many interesting works in the respective domain. Section I presents papers on topics like risk-sensitive newsvendors; an empirical study of newsvendor decisions; newsvendor problems with pricing and quantitydecisions; multi-stage newsvendor problems; and newsvendor problems with fuzzy demand. Section II presents papers on such topics as newsvendor problems ininventory analysis; newsvendor contracts; newsvendor models for supply chain coordination problems with risk-sensitive agents; and empirical applications of newsvendor models.This well-balanced handbook presents a wealth of both theoretical results from different perspectives and application cases and studies. With contributionsfrom many of the leading researchers in the field, the Handbook of NewsvendorProblems: Models, Extensions and Applications is a timely addition to the literature and consolidates all the new and exciting works related to the newsvendor problem into one high quality source. INDICE: The Multi-Product Newsvendor Problem: Review Extensions, and Directions for Future Research.- A Multi-Product Risk: Adverse Newsvendor with Law Invariant Coherant Measure of Risk.- A Copula Approach to Inventory Pooling Problems with Newsvendor Products.- Repeated Newsvendor Game with Transshipments.- Cooperative Newsvendor Games: A Review.- Inventories and Stock-out Costs inthe Price-Settling Newsvendor: An Economic Interpretation.- Newsvendor Modelswith Alternate Risk Preferences with Expected Utility Theory and Prospect Theory Frameworks.- Newsvendor Problems with VaR and CVaR Consideration.- Production and Remanufacturing Strategies in a Closed-Loop Supply Chain: A Two-PeriodNewsvendor Problem.- The Remanufacturing Newsvendor Problem.- Inventory Centralization in a Newsvendor Setting when Shortage Costs Differ: Priorities and Costs Allocation.- Planning Production on an Unreliable Machine for Multiple Items Subject to Stochastic Demand.- Analysis of the Single-Period Problem underCarbon Emissions Policies.- Optimal Decisions of the Manufacturer and Distributor in a Fresh Product Supply Chain Involving Long Distance Transportation.- Profit Target Setting for Multiple Divisions: A Newsvendor Perspective.- A Portfolio Approach to Multi-Product Newsvendor Problem with Budget Constraint.

• ISBN: 978-1-4614-3599-0
• Editorial: Springer
• Encuadernacion: Cartoné
• Fecha Publicación: 13/07/2012
• Nº Volúmenes: 1
• Idioma: Inglés