On the distribution-free newsboy problem with some non-skewed demands

摘要

We consider three cases of the risk-neutral newsboy problem in which the probability distribution of random demand is only known to be non-skewed with given support, mean and variance. In particular, we derive some closed form formulas for the worst-case and best-case order quantities when this distribution is symmetric, and symmetric and unimodal. Extensions of our results are indicated. (C) 2015 Elsevier B.V. All rights reserved.