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A quadratic programming approach to the multi-product newsvendor problem with side constraints. (English) Zbl 1110.90027

Summary: A quadratic programming approach is proposed for solving the newsvendor problem with side constraints. Among its salient features are the facts that it utilizes familiar packages to solve the problem such as Excel Solver and Lingo, can accommodate lower bounds of product’s demands that are larger than zero, and facilitates the performance of sensitivity analysis tasks.

MSC:

90B30 Production models
90C20 Quadratic programming

Software:

LINGO; Excel
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Full Text: DOI

References:

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