Grubbström, Robert W. - In: European Journal of Operational Research 203 (2010) 1, pp. 134-142
The Newsboy (Newsvendor) problem is probably the simplest of all stochastic inventory problems, involving a one-time purchase decision and a stochastic sales outcome. As an investment, it can be interpreted as the simplest stochastic version of the point-in, point-out investment problem of...