The value of information in the multi-item newsboy problem

Rommert J. Casimir

Omega, 2002, vol. 30, issue 1, 45-50

Abstract: The multi-item newsboy problem is used to determine the value of two types of incomplete information, global information and product-mix information. It is shown that this value depends on the number of products, the existence of a budget restriction and the degree of substitutability.

Keywords: Newsboy; problem; Value; of; information (search for similar items in EconPapers)
Date: 2002
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Citations: View citations in EconPapers (7)

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