An effective procedure for the distribution of magazines |
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Authors: | K.A. Artto,E. Pylkkä nen |
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Affiliation: | Helsinki University of Technology, Department of Industrial Management, Finland;Neste Group, Finland |
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Abstract: | The article provides theoretical and empirical findings on developing an effective procedure for magazine single copy distribution. Considerations of determinants of demand are provided, emphasizing the importance of price and seasonality. A relative adjustment formula for stockout corrections is introduced, applicable in connection with normally distributed demand. The main contribution is a new demand forecasting and supply decision model, taking explicitly into account price and seasonality. The applicability and potential economic benefits are shown by giving results from an extensive empirical test in the Finnish single copy market. |
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Keywords: | Distribution Supply decision Decision model Demand forecasting Optimization Newsboy problem Magazines Single copy sales |
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