The single-period inventory control problem: a pedagogical approach

Q3 Business, Management and Accounting

International Journal of Services Operations and Informatics Pub Date : 2011-01-31 DOI:10.1504/IJSOI.2011.038317

H. Kane, P. Baptiste

引用次数: 2

Abstract

This paper deals with the newsboy problem and proposes a pedagogical approach for its teaching in engineer and business schools. In most cases, one studies the optimal order quantity that maximises the expected revenue. In some cases, one determines the expected cost itself, but never the associated risk. In this paper, we study the standard deviation of the expected cost for two classical models (including or not salvage revenue) and for three classical distributions (normal, uniform and exponential). The formulas can be drawn with any spreadsheet program and the student can evaluate the expected revenue and the risk associated with any ordering value. To illustrate the proposed formulas, numerical examples are given.

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单周期库存控制问题:教学方法

本文对报童问题进行了研究，并提出了工程学院和商学院的报童问题教学方法。在大多数情况下，我们研究的是使预期收益最大化的最优订货量。在某些情况下，可以确定预期成本本身，但不能确定相关的风险。本文研究了两种经典模型(包括或不包括打捞收益)和三种经典分布(正态分布、均匀分布和指数分布)的期望成本标准差。公式可以用任何电子表格程序绘制，学生可以评估与任何订购值相关的预期收入和风险。为了说明所提出的公式，给出了数值算例。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

International Journal of Services Operations and Informatics Business, Management and Accounting-Management Information Systems

CiteScore

1.60

自引率

0.00%

发文量

期刊介绍： The advances in distributed computing and networks make it possible to link people, heterogeneous service providers and physically isolated services efficiently and cost-effectively. As the economic dynamics and the complexity of service operations continue to increase, it becomes a critical challenge to leverage information technology in achieving world-class quality and productivity in the production and delivery of physical goods and services. The IJSOI, a fully refereed journal, provides the primary forum for both academic and industry researchers and practitioners to propose and foster discussion on state-of-the-art research and development in the areas of service operations and the role of informatics towards improving their efficiency and competitiveness.