The newsvendor model revisited: the impacts of high unit holding costs on the accuracy of the classic model

Author:

Tang Shaolong,Cho Stella,Wang Jacqueline Wenjie,Yan Hong

Funder

Natural Science Foundation of Guangdong Province

UIC college research grant

Zhuhai Outstanding discipline Project-Accounting

Publisher

Springer Science and Business Media LLC

Subject

Public Administration,General Business, Management and Accounting

Reference21 articles.

1. Arrow, K. J., Harris, T., & Marschak, J. (1951). Optimal inventory policy. Econometrica, 19(3), 250–272.

2. Arrow, K. J., & Karlin, S. (1958a). Smoothed production plans. In K. J. Arrow, S. Karlin, & H. Scarf (Eds.), Studies in the Mathematical Theory of Inventory and Production (pp. 61–69). Stanford: Stanford University Press.

3. Arrow, K. J., & Karlin, S. (1958b). Smoothed production plans. In K. J. Arrow, S. Karlin, & H. Scarf (Eds.), Studies in the Mathematical Theory of Inventory and Production (pp. 70–85). Stanford: Stanford University Press.

4. Berling, P. (2008). The capital cost of holding inventory with stochastically mean-reverting purchase price. European Journal of Operational Research, 16(2), 620–636.

5. Correia, I., Melo, T., & Saldanha-da-Gama, F. (2013). Comparing classical performance measures for a multi-period, two-echelon supply chain network design problem with sizing decisions. Computers & Industrial Engineering, 64(1), 366–380.

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