Amaruchkul, K. Newsvendor Model for Multi-Inputs and -Outputs with Random Yield: Applications to Agricultural Processing Industries.
In Proceedings of the 8th International Conference on Operations Research and Enterprise Systems (ICORES 2019), pages 72-81.
Acknowledgement: The problem was materialized after some discussions with Mr. Chatbodin Sritrakul, our part-time master student who owns a rice mill in the Northeast of Thailand. His independent project, a part of requirement for a master degree in logistics management at the school, was related to our model.
Presentation file: ICORES2019-agriculture-R2
Full paper: ICORES 2019-newsvendor model with multiinput output