Single period, single product newsvendor model with random supply shock

doi:10.1016/S0377-2217(03)00382-5

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	Single period, single product newsvendor model with random supply shock
	Liu, K; Li, JA ; Lai, KK
	2004-11-01
发表期刊	EUROPEAN JOURNAL OF OPERATIONAL RESEARCH
ISSN	0377-2217
卷号	158 期号:3 页码:609-625
摘要	In order to investigate the efficiency of policies made by the industrial administration office (IAO for short) so as to keep market order, the authors propose a shocked inventory model of one product with both genuine and counterfeit qualities. The checking policies made by the IAO are considered to be a random shock for the inventory model by examination of the qualities of the products, which will expropriate the counterfeit products. The paper makes two contributions. First, while discussing several conditions, the authors provide a basic theory, which is a kind of extension of the newsvendor problem, and prove some properties of the optimal policies for the shocked inventory model with a fixed random checking rate. Second, the authors give some recommendations as to how the IAO can formulate its checking policies. An example demonstrates the relationship between checking policies and optimal inventory policies. (C) 2003 Elsevier B.V. All rights reserved.
关键词	inventory counterfeit shock checking rate
DOI	10.1016/S0377-2217(03)00382-5
语种	英语
WOS研究方向	Business & Economics ; Operations Research & Management Science
WOS类目	Management ; Operations Research & Management Science
WOS记录号	WOS:000222368700007
出版者	ELSEVIER SCIENCE BV
引用统计
文献类型	期刊论文
条目标识符	http://ir.amss.ac.cn/handle/2S8OKBNM/19760
专题	应用数学研究所
通讯作者	Lai, KK
作者单位	1.City Univ Hong Kong, Dept Management Sci, Kowloon, Hong Kong, Peoples R China 2.Chinese Acad Sci, Inst Appl Math, Acad Math & Syst Sci, Beijing 100080, Peoples R China
推荐引用方式 GB/T 7714	Liu, K,Li, JA,Lai, KK. Single period, single product newsvendor model with random supply shock[J]. EUROPEAN JOURNAL OF OPERATIONAL RESEARCH,2004,158(3):609-625.
APA	Liu, K,Li, JA,&Lai, KK.(2004).Single period, single product newsvendor model with random supply shock.EUROPEAN JOURNAL OF OPERATIONAL RESEARCH,158(3),609-625.
MLA	Liu, K,et al."Single period, single product newsvendor model with random supply shock".EUROPEAN JOURNAL OF OPERATIONAL RESEARCH 158.3(2004):609-625.