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Incorporating one-way substitution policy into the newsboy problem with imprecise customer demand.
Pankaj Dutta
Debjani Chakraborty
Published in:
Eur. J. Oper. Res. (2010)
Keyphrases
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customer demand
single product
state dependent
supply chain
inventory management
single period
inventory control
lead time
stochastic demand
optimal policy
inventory level
non stationary
steady state
finite horizon
revenue management
arrival rate
sufficient conditions
decision makers
objective function