Su, Rung Hung; Pearn, Wen Lea - In: International Journal of Production Economics 132 (2011) 2, pp. 214-222
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 [mu] and [sigma]. We study the product selection problem which deals with comparing two products and selecting the one that has...