DocumentCode
1603719
Title
Newsboy problem with possibilistic information
Author
Guo, Peijun ; Chen, Youhua Frank
Author_Institution
Fac. of Econ., Kagawa Univ., Japan
Volume
1
fYear
2003
Firstpage
360
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.
Keywords
fuzzy set theory; inventory management; possibility theory; supply and demand; utility theory; expected utility; fuzzy models; fuzzy numbers; inventory model; market uncertainty; new products; newsboy problem; newsvendor problem; one-shoot decision situation; plausibility in demand; possibilistic information; satisfaction in utility; short life cycle; single-period problem; unforeseen demand; Cost function; Fuzzy set theory; Fuzzy sets; Fuzzy systems; Predictive models; Pricing; Probability distribution; Procurement; Uncertainty; Utility theory;
fLanguage
English
Publisher
ieee
Conference_Titel
Fuzzy Systems, 2003. FUZZ '03. The 12th IEEE International Conference on
Print_ISBN
0-7803-7810-5
Type
conf
DOI
10.1109/FUZZ.2003.1209389
Filename
1209389
Link To Document