Product selection for newsboy-type products with normal demands and unequal costs

Rung Hung Su, W.l. Pearn

研究成果: Article同行評審

9 引文 斯高帕斯(Scopus)

摘要

In this paper, we consider two newsboy-type products with unequal prices and costs. Both demands are independent and follow normal distributions with unknown parameters μ and σ. We study the product selection problem which deals with comparing two products and selecting the one that has a significantly higher profitability, in which the profitability is defined to the probability of achieving a target profit under the optimal ordering policy. The statistical hypothesis testing methodology is performed to tackle this selection problem. Critical value of the test is calculated to determine the selection decision. Sample size required for a designated power and confidence level is also investigated. An application example on comparing English-teaching magazines is presented to illustrate the practicality of our approach.

原文English
頁(從 - 到)214-222
頁數9
期刊International Journal of Production Economics
132
發行號2
DOIs
出版狀態Published - 1 八月 2011

指紋 深入研究「Product selection for newsboy-type products with normal demands and unequal costs」主題。共同形成了獨特的指紋。

引用此