This paper presents a basic loss minimization model which has been applied in varying contexts for Polaris logistics problems. Definitive results are obtained in a general framework which extends the classic newsboy problem in two principal directions. First, probability distributions for demand are unrestricted. Second, a general framework for 'penalties' or 'premiums' is introduced to permit formulation of possibly non-convex loss functions. The main result is a constructive existence theorem for minimum values of these general expected loss functions. (Author).Definitive results are obtained in a general framework which extends the classic newsboy problem in two principal directions. First, probability distributions for demand are unrestricted.

Title | : | A POLARIS LOGISTICS MODEL. |

Author | : | Joseph Fennell, Sheldon E. Haber, W. H. Marlow, Henry Solomon, GEORGE WASHINGTON UNIV WASHINGTON DC. |

Publisher | : | - 1963 |

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