A competitive multiple-product newsboy problem with partial product substitution

@inproceedings{Huang2010ACM,
  title={A competitive multiple-product newsboy problem with partial product substitution},
  author={Di Huang and H. L. Zhou and Qiu-Hong Zhao},
  year={2010}
}
This paper studies a multi-product competitive newsboy problem with shortage penalty cost and partial product substitution. We characterize the unique Nash equilibrium of the competitive model and analyze some properties of the equilibrium. An iterative algorithm is developed on the basis of approximating the effective demand as well as the expected profit function for each product. Numerical experiments are conducted to illustrate the impacts of product substitution, demand correlation and… CONTINUE READING
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