the newsvendor problem review and directions for future research

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1、EuropeanJournalofOperationalResearch213(2011)361–374ContentslistsavailableatScienceDirectEuropeanJournalofOperationalResearchjournalhomepage:www.elsevier.com/locate/ejorInvitedReviewThenewsvendorproblem:Reviewanddirectionsforfutureresearchaaa,?bcYanQin,RuoxuanWang,AsooJ.Vakharia,YuwenChen,

2、MichelleM.H.SerefaDepartmentofInformationSystemsandOperationsManagement,WarringtonCollegeofBusinessAdministration,UniversityofFlorida,Gainesville,FL32611,UnitedStatesbUniversityofRhodeIsland,Kingston,RI02881,UnitedStatescVirginiaPolytechnicInstituteandStateUniversity,Blacksburg,VA24061-000

3、2,UnitedStatesarticleinfoabstractArticlehistory:Inthispaper,wereviewthecontributionstodateforanalyzingthenewsvendorproblem.OurfocusisonReceived16April2009examiningthespeci?cextensionsforanalyzingthisprobleminthecontextofmodelingcustomerAccepted20November2010demand,suppliercosts,andthebuyer

4、riskpro?le.Morespeci?cally,weanalyzetheimpactofmarketAvailableonline16December2010price,marketingeffort,andstockingquantityoncustomerdemand;howsupplierpricescanserveasacoordinationmechanisminasupplychainsetting;integratingalternativesupplierpricingpolicieswithinKeywords:thenewsvendorframew

5、ork;andhowthebuyer’sriskpro?lemoderatesthenewsvendororderquantityInventorydecision.Foreachoftheseareas,wesummarizethecurrentliteratureanddevelopextensions.Finally,weLogisticsalsoproposedirectionsforfutureresearch.Supplychainmanagementó2010ElsevierB.V.Allrightsreserved.1.IntroductionpxvQt

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7、widerangingimplicationstionalapproachtoanalyzetheproblemisbasedonassumingaformanaginginventorydecisionsfororganizationsin,forexample,riskneutralbuyerwhomakestheoptimalquantitydecisionatthehospitality,airline,andfashiongoodsindustries.Agenericcon-thebeginningof