Analysis of Two-Period News-Vendor Problems with Service-Level Constraints

Abstract

Abstract:

Abstract： This paper discussed the single buyer’s optimal purchasing decision in two-period when facing opportunity constraints of service level. By constructing a model, the optimal ordering policy and the analytical solution to the optimal objective value were proposed. Numerical analysis was conducted of the parameters in the model. Meanwhile, a comparison was made between the proposed model and the single period newsvendor problem with service level constrain in the literature. Finally, the impacts of the variation of parameters of these two models on optimal objective value and solution were analyzed.
Key words：

Key words: , twoperiod； service level； news-vendor； opportunity constraint

LIU Bin，DONG Ming，ZHANG Dali. Analysis of Two-Period News-Vendor Problems with Service-Level Constraints[J]. Journal of Shanghai Jiaotong University, 2015, 49(08): 1244-1248.

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