A newsvendor model with fuzzy price-dependent demand

作者：Yu, Ying^*; Zhu, Ji; Wang, Chenwei

来源：Applied Mathematical Modelling, 2013, 37(5): 2644-2661.

DOI：10.1016/j.apm.2012.06.008

• Newsvendor model
• Fuzzy price-dependent demand
• Fuzzy system models

Price-dependence is an important characteristic for some inventory problems. This paper proposes a newsvendor model with fuzzy price-dependent demand, and discusses the conditions to determine the optimal pricing and inventory decisions jointly so that the expected profit could be maximized. Then an algorithm combining the method of ranking fuzzy numbers is developed to tackle the problem. Furthermore, comparison is made between the fuzzy model and the deterministic model to study the effect of the uncertain price-dependent demand, and the sensitivity properties of the joint optimal decisions are illustrated through numerical examples.

• 出版日期2013-3-1
• 单位上海大学