THE NEWSSTAND PROBLEM - A CAPACITATED MULTIPLE-PRODUCT SINGLE-PERIOD INVENTORY PROBLEM

Practically all of the many earlier papers on the newsboy problem cons ider a single newsboy product with no capacity constraint. This paper presents formulations and solution procedures for handling multiple ne wsboy-type products under two cases: (A) one resource-capacity constra int; and (B) multiple resource constraints. For case A, we present a n ecessary extension to the classical Hadley-Whitin result for handling general demand distributions. For case B we present a solution procedu re that can efficiently handle the common situation where a very large number of products are involved.