The distribution-free newsboy problem under the worst-case and best-case scenarios

@article{Kamburowski2014TheDN,
  title={The distribution-free newsboy problem under the worst-case and best-case scenarios},
  author={Jerzy Kamburowski},
  journal={European Journal of Operational Research},
  year={2014},
  volume={237},
  pages={106-112}
}
New theoretical foundations for analyzing the newsboy problem under incomplete information about the probability distribution of random demand are presented. Firstly, we reveal that the distribution-free newsboy problem under the worst-case and best-case demand scenarios actually reduces to the standard newsboy problem with demand distributions that bound the allowable distributions in the sense of increasing concave order. Secondly, we provide a theoretical tool for seeking the best-case and… CONTINUE READING