DocumentCode
2159599
Title
A dynamic iteration algorithm of classic Newsboy Problem
Author
Haoran, Shi ; Zhiqin, Li ; Yufeng, Wu
Author_Institution
School of Energy & Environment, Xihua University, Chengdu, Sichuan, China, 610039
fYear
2010
fDate
4-6 Dec. 2010
Firstpage
4831
Lastpage
4833
Abstract
This paper presents a new iterative method for the classic Newsboy Problem based on the dynamic programming principle. The optimal inventory of the classic Newsboy Problem then can be derived. It has been found that this method has fewer steps than those of others, with which the optimal inventory can be obtained more conveniently. This method applies to various distributions and provides a new way to apply and extend the Newsboy Problem.
Keywords
Analytical models; Computational modeling; Educational institutions; Heuristic algorithms; Logistics; Operations research; Stochastic processes; dynamic iteration method; newsboy problem; optimal order quantity;
fLanguage
English
Publisher
ieee
Conference_Titel
Information Science and Engineering (ICISE), 2010 2nd International Conference on
Conference_Location
Hangzhou, China
Print_ISBN
978-1-4244-7616-9
Type
conf
DOI
10.1109/ICISE.2010.5691693
Filename
5691693
Link To Document