Abstract:
In this paper, the uncertainty of market of new products with short life cycle is characterized by possibility distribution. The possibilistic model for the newsboy probl...Show MoreMetadata
Abstract:
In this paper, the uncertainty of market of new products with short life cycle is characterized by possibility distribution. The possibilistic model for the newsboy problem, a one-shoot decision situation, is proposed. The new model is different significantly from the conventional newsboy model based on probability distribution in which maximizing expected utility is the goal.
Date of Conference: 25-28 May 2003
Date Added to IEEE Xplore: 09 July 2003
Print ISBN:0-7803-7810-5