stochastic/Probabilistic/fuzzy/dynamic modeling
Arezoo Khazaei; Parvaneh Samouei
Abstract
Purpose: The newsboy problem is one of the most widely used and important models in the field of inventory control. In fact, there are many industries whose products fall into the category of newosboy problem, such as seasonal goods, food products. But in practice there are more restrictions than the ...
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Purpose: The newsboy problem is one of the most widely used and important models in the field of inventory control. In fact, there are many industries whose products fall into the category of newosboy problem, such as seasonal goods, food products. But in practice there are more restrictions than the assumptions of the newsboy problem. In this article has tried, in order to make the problem more in line with the real world some limitations during production, such as outsourcing mode, capacity limit and returned goods, have been added to the problem.Methodology: This research is based on library studies and the development of mathematical modeling.Findings: In the newsboy problem, there are important parameters such as outsourcing, capacity constraints and product referral which in this study, the effect of each of these parameters on profitability has been evaluated.Originality/Value: Development of the newsboy problem in terms of outsourcing and returned products and capacity constraints.