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Book part
Publication date: 11 September 2020

Bartosz Sawik

The newsvendor problem is fundamental to many operations management models. The problem focuses on the trade-off between the gains from satisfying demand and losses from unsold…

Abstract

The newsvendor problem is fundamental to many operations management models. The problem focuses on the trade-off between the gains from satisfying demand and losses from unsold products. The newsvendor model and its extensions have been applied to various areas, such as production plan and supply chain management. This chapter examines the study about newsvendor problem. In this research, there is a review of the contributions for the multiproduct newsvendor problem. It focuses on the current literature concerning the mathematical models and the solution methods for the multiitem newsvendor problems with single or multiple constraints, as well as with the risks. The objective of this research is to go over the newsvendor problem and bring into comparison different newsvendor models applied to the flower industry. A few case studies are described addressing topics related to the newsvendor problem such as discounting and replenishment policies, inventory inaccuracies, or demand estimation. Three newsvendor models are put into practice in the field of flower selling. A full database of the flowers sold by an anonymous retailer is available for the study. Computational experiments for practical example have been conducted with use of the CPLEX solver with AMPL programming language. Models are solved, and an analysis of different circumstances and cases is accomplished.

Book part
Publication date: 1 January 2005

Morris B. Holbrook

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Review of Marketing Research
Type: Book
ISBN: 978-0-85724-723-0

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Airline Efficiency
Type: Book
ISBN: 978-1-78560-940-4

Book part
Publication date: 19 May 2009

Robert J. Shepherd

This chapter examines the selling practices of street vendors at a popular weekend market in Washington, DC. I discuss the role of social and moral norms in vendors' behavior…

Abstract

This chapter examines the selling practices of street vendors at a popular weekend market in Washington, DC. I discuss the role of social and moral norms in vendors' behavior toward one another, customers, and their work. Vendor success in this marketplace over the long term is influenced not only by their products and sales skills, but also by their understanding and acceptance of an ethical framework partly shaped by stories they tell about each other. As such, this study illustrates the embedded nature of sellers in marketplaces, as opposed to theoretical notions of how abstract individuals are supposed to act in a decontextualized “market.” Furthermore, stories that arise from encounters between vendors and customers add value to the products people buy. Objects in this marketplace, then, gain value not only through the interaction of supply and demand, but also through buyer and seller interaction, which provides a narrative base for future communication.

Details

Economic Development, Integration, and Morality in Asia and the Americas
Type: Book
ISBN: 978-1-84855-542-6

Book part
Publication date: 28 May 2020

Alper Yağlıdere

Izmir, the third largest city of Turkey, is an important trade hub and port. Since its early years, the city has been the home of many civilisations, nations and cultures. The…

Abstract

Izmir, the third largest city of Turkey, is an important trade hub and port. Since its early years, the city has been the home of many civilisations, nations and cultures. The Romani people can be counted among these cultures. In the centre of Izmir city, there are around 500,000 Romani inhabitants. The increasing number of migrants to Izmir and the obligatory settlement options, usually in poorer neighbourhoods, aggravates the situation. Within this context, the focus of administrative authorities on poorer neighbourhoods with a significant Romani majority and its effects to and connections with the urban improvement programme must be re-evaluated considering the benefit of the city and social-institutional support, including non-governmental institutions, must be maintained.

Details

Global Street Economy and Micro Entrepreneurship
Type: Book
ISBN: 978-1-83909-503-0

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Book part
Publication date: 3 December 2018

Jan Keane

Abstract

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National Identity and Education in Early Twentieth Century Australia
Type: Book
ISBN: 978-1-78769-246-6

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Book part
Publication date: 11 September 2020

Abstract

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Applications of Management Science
Type: Book
ISBN: 978-1-83867-001-6

Book part
Publication date: 10 October 2014

Elena Azaola

This chapter discusses the confinement conditions that women doing time for federal offenses in Mexico nowadays face. This discussion focuses on two conditions: the evolution of…

Abstract

Purpose

This chapter discusses the confinement conditions that women doing time for federal offenses in Mexico nowadays face. This discussion focuses on two conditions: the evolution of theories about feminine criminal behavior; and the effects that policies against drugs, prevailing in Latin America and other world regions, have on this population.

Design/methodology/approach

Some 149 out of 300 women doing time in an Island prison in Mexico were interviewed by the author, who tried to understand the conditions that women faced before committing the crime and once they were in prison.

Findings

The study shows that policies against drugs have caused severe damage and brought about few, if any, benefits. A cost-benefit approach and more rational policies are suggested.

Originality/value

The chapter will describe relevant punishment conditions, including involuntary or trickery transfer of women to the Island prison; difficulties to communicate with their families and ill-treatments, humiliation, and abuses from personnel and will hear several of their stories.

Details

Punishment and Incarceration: A Global Perspective
Type: Book
ISBN: 978-1-78350-907-2

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Book part
Publication date: 15 July 2021

Shabab Ahmad

Indian economy is based on the unorganised sector. The mayhem created to the daily earner on the streets of Delhi. Once it was considered that the street vending was one of the…

Abstract

Indian economy is based on the unorganised sector. The mayhem created to the daily earner on the streets of Delhi. Once it was considered that the street vending was one of the easiest occupations for the survival of the people living in the lowest ladder in the economy. Anyone who does not have any means of earning can espouse vending as profession as it has societal sanction and acceptability in terms of diversity and universalistic point of view. In search of better livelihood, people used to migrate from rural India to urban metros like Delhi. The analysis of the pre-conditions of the street vendors will help us to have a glimpse of prior COVID-19 situation in the region. Now, this chapter tries to debate on the kind of adaptability that street vendors needed post COVID-19 era. An informal interview conducted with the street vendors help us to comprehend their preparedness for their adaptability to survive. This chapter also tries to discuss some of the programmes and policies that can be a lifeline for the street vendors during the post COVID-19 era.

Details

A New Social Street Economy: An Effect of The COVID-19 Pandemic
Type: Book
ISBN: 978-1-80117-124-3

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