An Aggregated Newsvendor Model for Multi-Item Perishable Inventories with Uncertain Demand

An Aggregated Newsvendor Model for Multi-Item Perishable Inventories with Uncertain Demand

In industrial and commercial settings, inventory systems often involve managing multiple products with diverse demand patterns, making the direct application of the single-item newsvendor model inefficient. To address this complexity, this study proposes an adaptation of the newsvendor model through...

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Bibliographic Details
Main Authors: Dwi Kurniawan, Aghnia Nazhiifah Ulhaq, Aditya Fadhilah Althofian, Rubby Nur Rachman
Format: Article
Language:English
Published: Iran University of Science & Technology 2024-12-01
Series:International Journal of Industrial Engineering and Production Research
Subjects:
probabilistic inventory system
uncertain demand
newsvendor model
expected profit
Online Access:http://ijiepr.iust.ac.ir/article-1-2097-en.pdf
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