The Infona portal uses cookies, i.e. strings of text saved by a browser on the user's device. The portal can access those files and use them to remember the user's data, such as their chosen settings (screen view, interface language, etc.), or their login data. By using the Infona portal the user accepts automatic saving and using this information for portal operation purposes. More information on the subject can be found in the Privacy Policy and Terms of Service. By closing this window the user confirms that they have read the information on cookie usage, and they accept the privacy policy and the way cookies are used by the portal. You can change the cookie settings in your browser.
We will try to generalize the so-called newsboy model so that we can deal with unsatisfied demand or unsold quantity. Consider the time interval that consists of multiple ordering cycles. Assume that the probability density function of demand is given for each cycle. Then our problem is to make the ordering plan with which we can maximize the expected profit. In the classical newsboy model ordering...
Set the date range to filter the displayed results. You can set a starting date, ending date or both. You can enter the dates manually or choose them from the calendar.