Hedging demand and supply risks in the newsvendor model

DOI10.1007/S00291-014-0385-4zbMATH Open1311.90061OpenAlexW2025357654WikidataQ105787813 ScholiaQ105787813MaRDI QIDQ2018116FDOQ2018116

Authors H. K. Okyay, Fikri Karaesmen, Süleyman Özekici 

Publication date 10 April 2015

Published in OR Spectrum (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1007/s00291-014-0385-4

zbMATH Keywords

newsvendor modelminimum-variance portfoliorandom supplyrisk hedging

Mathematics Subject Classification ID

Portfolio theory (91G10) Inventory, storage, reservoirs (90B05)

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Cites work

• Coherent risk measures in inventory problems
• Improving supply chain performance and managing risk under weather-related demand uncertainty
• Multi-period risk minimization purchasing models for fashion products with interest rate, budget, and profit target considerations
• Newsvendor models with dependent random supply and demand
• Newsvendor solutions via conditional value-at-risk minimization
• Operational flexibility and financial hedging: complements or substitutes?
• Optimal Control and Hedging of Operations in the Presence of Financial Markets
• Optimal policies for inventory systems with finite capacity and partially observed Markov-modulated demand and supply processes
• Optimality Criteria and Risk in Inventory Models: The Case of the Newsboy Problem
• Risk Aversion in Inventory Management
• The Newsboy Problem under Alternative Optimization Objectives
• The Risk-Averse (and Prudent) Newsboy

Cited in

(13)

• Financial hedging and competitive strategy for value-maximizing firms under quantity competition
• A Risk-Averse Newsvendor Model Under Trade Credit Contract with CVaR
• Separation results for multi-product inventory hedging problems
• Joint optimal ordering and weather hedging decisions: mean-CVaR model
• Risk mitigation in newsvendor networks: resource diversification, flexibility, sharing, and hedging
• Optimal inventory policy through dual sourcing
• A risk-averse newsvendor model under stochastic market price
• Production with risk hedging -- optimal policy and efficient frontier
• Risk-averse newsvendor model with strategic consumer behavior
• Protecting the data-driven newsvendor against rare events: a correction-term approach
• The effects of financial risks on inventory policy
• Inventory control in dual sourcing commodity procurement with price correlation
• Newsvendor models with dependent random supply and demand

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