Saturday, May 9, 2015

Newsvendor Problem / Newsboy Problem

Below is a list of references related to newsvendor problem / newsboy problem. The hope is to save others some leg work.
  1. Books
    1. Building Intuition - Insights From Basic Operations Management Models and Principles Editors: Dilip Chhajed, Timothy J. Lowe (2008)
      1. Chapter 7: The Newsvendor Problem by Evan L. Porteus
        1. Springer.Com
        2. Handbook of Newsvendor Problems - Models, Extensions and Applications - Editors: Choi, Tsan-Ming (Jason) (Ed.) (2012)
        3. Perishable Inventory Systems - Authors: Nahmias, Steven (2011)
          1. The book’s ten chapters first cover the preliminaries of periodic review versus continuous review and look at a one-period newsvendor perishable inventory model.
            1. Springer.Com
            2. Inventory Management and Production Planning and Scheduling (1998)
            3. Management Science: An Introduction to the Use of Decision Models by Kenneth R. Baker, Dean H. Kropp (1985)
            4. Principles of Sequencing and Scheduling by Kenneth R. Baker, Dan Trietsch
          2. Videos
            1. Newsvendor Problem 1 by Piyush Shah (2014)
          3. Articles
            1. Analysis of the multi-product newsboy problem with a budget constraint by Layek L. Abdel-Malek, Roberto Montanari (2005)
            2. Benchmark solution for the risk-averse newsvendor problem by Baruch Keren, Joseph S. Pliskin - European Journal of Operational Research (2006)
            3. Binary solution method for the multi-product newsboy problem with budget constraint by Bin Zhang, Xiaoyan Xu, Zhongsheng Hua (2009)
            4. Capacitated newsboy problem with random yield: The Gardener Problem by Layek Abdel-Malek, Roberto Montanari, Diego Meneghetti (2008)
            5. Channel coordination in supply chains with agents having mean-variance objectives by Tsan-Ming Choi, Duan Li, Houmin Yan, Chun-Hung Chiu (2008)
            6. Competitive multiple-product newsboy problem with partial product substitution by Di Huang, Hong Zhou, Qiu-Hong Zhao (2011)
            7. Comprehensive Analysis of the Newsvendor - Model with Unreliable Supply by Yacine Rekik, Evren Sahin, Yves Dallery (2009)
            8. Distribution-free newsboy problem with resalable returns by Julien Mostard, René de Koster, Ruud Teunterc (2005)
            9. Distribution-free newsboy problem: Extensions to the shortage penalty case by Hesham K. Alfares, Hassan H. Elmorra (2005)
            10. Encyclopedia of Operations Research and Management Science
            11. Exact, approximate, and generic iterative models for the multi-product Newsboy problem with budget constraint by Layek Abdel-Malek, Roberto Montanari, Libia Cristina Morales (2004)
            12. Extended newsboy problem with shortage-level constraints by M.S. Chen, C. C. Chuang (2000)
            13. Fuzzy models for the newsboy problem by Dobrila Petrović, Radivoj Petrović, b, Mirko Vujošević (1996)
            14. Fuzzy multi-product constraint newsboy problem by Zhen Shao, Xiaoyu Ji (2006)
            15. Fuzzy newsvendor approach to supply chain coordination by Kwangyeol Ryu, Enver Yücesan (2010)
            16. IE324 Simulation course - Newsvendor Problem by Kagan Gokbayrak
              1. To go to the newsvendor spreadsheet, click here
              2. Impact of loss aversion on the newsvendor game with product substitution by Wei Liu, Shiji Song, Cheng Wu (2013)
              3. Loss-averse newsvendor game by Charles X. Wang - International Journal of Production Economics (2010)
              4. Loss-averse newsvendor problem by Charles X. Wang, Scott Webster (2009)
              5. Mean-Variance Newsvendor Model with a Background Risk by Jiang-feng Li, Qiong Wu (2015)
                1. Springer.Com
                  1. This paper examines the effects of an additive background risk on the optimal order quantity of a risk-averse newsvendor with Mean-Variance utility.
                2. Mean–variance analysis of the newsvendor model with stockout cost by Jun Wu, Jian Li, Shouyang Wang, T.C.E. Cheng (2009)
                3. Model and algorithm for bilevel newsboy problem with fuzzy demands and discounts by Xiaoyu Ji, Zhen Shao (2006)
                4. Multi-period newsboy problem by Keisuke Matsuyama - European Journal of Operational Research (2006)
                5. Multi-product budget-constrained acquisition and pricing with uncertain demand and supplier quantity discounts by Jianmai Shi, Guoqing Zhang (2010)
                  1. ScienceDirect.Com
                    1. We consider the joint acquisition and pricing problem where the retailer sells multiple products with uncertain demands and the suppliers provide all unit quantity discounts. The problem is to determine the optimal acquisition quantities and selling prices so as to maximize the retailer’s expected profit, subject to a budget constraint. This is the first extension to consider supplier discounts in the constrained multi-product newsvendor pricing problem. We establish a mixed integer nonlinear programming (MINLP) model to formulate the problem, and develop a Lagrangian-based solution approach. Computational results for the test problems involving up to thousand products are reported, which show that the proposed approach can obtain high quality solutions in a very short time.
                  2. Multi-product constrained newsboy problem with progressive multiple discounts by Moutaz Khouja, Abraham Mehrez (1996)
                  3. Multi-product multi-constraint newsboy problem: Applications, formulation and solution by Hon-Shiang Lau, Amy Hing-Ling Lau (1995)
                  4. Multi-product newsboy problem with limited capacity and outsourcing by Bin Zhang, Shaofu Du (2010)
                  5. Multi-product newsboy problem with supplier quantity discounts and a budget constraint by Guoqing Zhang (2010)
                  6. Multi-product newsboy problem with two constraints by Layek L. Abdel-Malek, Roberto Montanari (2005)
                  7. Multi-stage newsboy problem: A dynamic model - Konstantin Kogan, Sheldon Lou (2003)
                  8. Multiple-item budget-constraint newsboy problem with a reservation policy by Liang-Hsuan Chen, Ying-Che Chen (2010)
                  9. Newsboy problem under progressive multiple discounts by Moutaz Khouja - European Journal of Operational Research (1995)
                  10. Newsboy problem with a simple reservation arrangement by Liang-Hsuan Chen, Ying-Che Chen (2009)
                  11. Newsboy problem with reactive production by Chia-Shin Chung, James Flynn (2001)
                  12. Newsboy problem with resalable returns: A single period model and case study by Julien Mostard, Ruud Teunter (2006)
                  13. Newsstand problem: A capacitated multiple-product single-period inventory problem by Hon-Shiang Lau, Amy Hing-Ling Lau (1996)
                  14. Newsvendor problem: Review and directions for future research by Yan Qin, Ruoxuan Wang, Asoo J. Vakharia, Yuwen Chen, Michelle M.H. Seref (2011)
                  15. Newsvendor Problems by Hayriye Ayhan, Jim Dai, Joe Wu (2003)
                  16. Newsvendor solutions via conditional value-at-risk minimization by Jun-ya Gotoh, , Yuichi Takano (2007)
                  17. Optimal feeding buffers for projects or batch supply chains by an exact generalization of the newsvendor model by Trietsch, Dan (2006)
                  18. Portfolio approach to multi-product newsboy problem with budget constraint by Bin Zhang, Zhongsheng Hua (2010)
                  19. Quadratic programming approach to the multi-product newsvendor problem with side constraints by Layek L. Abdel-Malek, Nathapol Areeratchakul (2007)
                  20. Reordering strategies for a newsboy - type product by Hon-Shiang Lau, Amy Hing-Ling Lau (1997)
                  21. Robust multi-item newsboy models with a budget constraint by George L Vairaktarakis (2000)
                  22. Simple formulas for the expected costs in the newsboy problem: An educational note by Hon-Shiang Lau (1997)
                  23. Single-item newsboy problem with dual performance measures and quantity discounts by Chen-Sin Lin, Dennis E. Kroll (1997)
                  24. Single-period (news-vendor) problem: literature review and suggestions for future research by Moutaz Khouja (1999)
                  25. Supply chain coordination with manufacturer's limited reserve capacity: An extended newsboy problem by Jianli Li, Liwen Liu (2008)
                  26. Two-item newsboy problem with substitutability by Moutaz Khouja, Abraham Mehrez, Gad Rabinowitz (1996)
                  27. Using separable programming to solve the multi-product multiple ex-ante constraint newsvendor problem and extensions by Julie A. Niederhoff (2007)
                  28. Wikipedia: Newsvendor model
                    1. Would a risk-averse newsvendor order less at a higher selling price? by Charles X. Wang, Scott Webster, Nallan C. Suresha (2009)

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