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| Author: | Casimir, R.J. |
| Title: | The value of information in the multi-item newsboy problem |
| Journal: | Omega
2002 : FEB, VOL. 30:1, p. 45-50 |
| Index terms: | Mathematical models Management science Information |
| Language: | eng |
| Abstract: | The multi-item newsboy problem is used to determine the value of two types of incomplete information, global information and product-mix information. It is shown that this value depends on the number of products, the existence of a budget restriction and the degree of substitutability. |
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