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Communication Dans Un Congrès Année : 2010

A Newsvendor Model with Initial Inventory and Two Salvage Opportunities

Résumé

In this paper, we develop an extension of the newsven-dor model with initial inventory. In addition to the usual quantity ordered at the beginning of the horizon and the usual quantity salvaged at the end of the horizon, we introduce a new decision variable: a salvage opportunity at the beginning of the horizon, which might be used in the case of high initial inventory level. We develop the expression of the optimal policy for this extended model, for a general demand distribution. The structure of this optimal policy is particular and is characterized by two threshold levels. Some managerial insights are given via numerical examples.
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Dates et versions

hal-01672432 , version 1 (25-12-2017)

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  • HAL Id : hal-01672432 , version 1

Citer

Zied Jemai, Ali Cheaitou, Christian van Delft, Yves Dallery. A Newsvendor Model with Initial Inventory and Two Salvage Opportunities. The 6th International Symposium on Management, Engineering and Informatics (MEI), Jun 2010, Orlando, United States. ⟨hal-01672432⟩
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