A SEMIANALYTICAL SOLUTION FOR A NEWSBOY PROBLEM WITH MID-PERIOD REPLENISHMENT

This paper is an exploratory study of a very common variation of the c lassical newsboy problem: in addition to the supply at the beginning o f the sales period, an additional replenishment opportunity exists som etime during the sales period A basic model for the problem is present ed and a semi-analytical solution procedure is developed. Numerical so lutions obtained reveal certain interesting properties of the model. T he paper shows that the replenishment extension makes the newsboy prob lem much more challenging managerially and also that it can be practic ally solved with significant profit implications.