標題: Product selection for newsboy-type products with normal demands and unequal costs
作者: Su, Rung Hung
Pearn, Wen Lea
工業工程與管理學系
Department of Industrial Engineering and Management
關鍵字: Inventory;Newsboy;Normal demand;Product selection
公開日期: 1-八月-2011
摘要: In this paper, we consider two newsboy-type products with unequal prices and costs. Both demands are independent and follow normal distributions with unknown parameters it and a. We study the product selection problem which deals with comparing two products and selecting the one that has a significantly higher profitability, in which the profitability is defined to the probability of achieving a target profit under the optimal ordering policy. The statistical hypothesis testing methodology is performed to tackle this selection problem. Critical value of the test is calculated to determine the selection decision. Sample size required for a designated power and confidence level is also investigated. An application example on comparing English-teaching magazines is presented to illustrate the practicality of our approach. (C) 2011 Elsevier B.V. All rights reserved.
URI: http://dx.doi.org/10.1016/j.ijpe.2011.04.010
http://hdl.handle.net/11536/21183
ISSN: 0925-5273
DOI: 10.1016/j.ijpe.2011.04.010
期刊: INTERNATIONAL JOURNAL OF PRODUCTION ECONOMICS
Volume: 132
Issue: 2
起始頁: 214
結束頁: 222
顯示於類別:期刊論文


文件中的檔案:

  1. 000292662300006.pdf