search query: @author Lippman, S. / total: 3
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| Author: | Lippman, S. McCardle, K. |
| Title: | The competitive newsboy |
| Journal: | Operations Research
1997 : JAN-FEB, VOL. 45:1, p. 54-65 |
| Index terms: | OPERATIONAL RESEARCH ECONOMICS MANAGEMENT |
| Language: | eng |
| Abstract: | The authors consider a competitive version of the classical newsboy problem - in which a firm must choose an inventory or production level for a perishable good with random demand, and the optimal solution is a fractile of the demand distribution - and investigate the impact of competition upon industry inventory. A splitting rule specifies how initial industry demand is allocated among competing firms and how any excess demand is allocated among firms with remaining inventory. |
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