Abstract
Newsboy problem, as the famous and basic model in stochastic programming, has numerous applications. Completely known probability distribution for random demand is a basic hypothesis in classical Newsboy model, but this is almost impossible to achieve in practice due to that the probability distribution is generally determined by some approximative methods such as statistical inferences and expertise. Newsboy problem with fuzzy probability distribution is studied in this paper, and two-stage stochastic linear programming model with recourse is set up. Improved L-shaped algorithm is designed to solve the problem. Numerical example demonstrates the feasibility and efficiency of the algorithm.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
