A quadratic programming approach to the multi-product newsvendor problem with side constraints

Authors

Layek L. Abdel-Malek, New Jersey Institute of Technology
Nathapol Areeratchakul, King Mongkut's University of Technology North Bangkok

Document Type

Article

Publication Date

2-1-2007

Abstract

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. © 2005 Elsevier B.V. All rights reserved.

Identifier

33750203619 (Scopus)

Publication Title

European Journal of Operational Research

External Full Text Location

https://doi.org/10.1016/j.ejor.2005.11.002

ISSN

03772217

First Page

1607

Last Page

1619

Issue

3

Volume

176

Grant

W15QKN-04-R-0512

Fund Ref

U.S. Army

Recommended Citation

Abdel-Malek, Layek L. and Areeratchakul, Nathapol, "A quadratic programming approach to the multi-product newsvendor problem with side constraints" (2007). Faculty Publications. 13548.
https://digitalcommons.njit.edu/fac_pubs/13548