Design and Application of Genetic Algorithm Based on Signal Game and Newsboy Model for Optimizing Supply Chain

Table 1

Notation and definitions for the newsboy model.

Variable notation	Variable meaning
	Seller’s marginal cost of products
	Seller’s product pricing
	Seller’s order quantity
	Determination part of seller’s product demand, which can also be expressed as
	Price elasticity of seller’s product demand
	Stochastic part of seller’s product demand
	Consumer demand coefficient for products; the larger the coefficient, the smaller the consumer demand
	Density function of a random variable
	Seller’s demand function for products, where
	Seller’s expected utility function