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Abstract
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Advances in Decision Sciences
Volume 3 (1999), Issue 2, Pages 163-170
doi:10.1155/S1173912699000097

The videotape rental model

Barry A. Pasternack and Zvi Drezner

California State University-Fullerton, USA

Abstract

In this paper we study the situation faced by a videotape rental store which must decide how many copies of a new videotape release it should purchase for rental to customers. A model representing this process is developed and contrasted with the classical newsboy problem.