On maximizing a loss-averse buyer's expected utility in a multi-sourcing problem

DOI10.1016/J.MATCOM.2022.05.034MaRDI QIDQ2168124zbMATH OpenOpenAlexFDO

Authors Ping Ji, Felix T. S. Chan, Xinsheng Xu

Publication date 31 August 2022

Published in Mathematics and Computers in Simulation (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.matcom.2022.05.034

zbMATH Keywords

multi-sourcinglong-term contractoptimal purchasing decisionspot buying

Mathematics Subject Classification ID

Game theory, economics, finance, and other social and behavioral sciences (91-XX) Operations research, mathematical programming (90-XX)

Recommendations

• The research on optimal options contracts procurement decisions with a loss-averse retailer
• Joint decision-making of order quantities and pricing for loss-averse retailers with two demand cases
• Optimal procurement strategies for a risk-averse buyer when price is uncertain
• Ordering and subsidizing strategies for loss-averse retailer under dual-sourcing
• Multi-sourcing under supply uncertainty and buyer's risk aversion

Cites work

• A loss-averse retailer-supplier supply chain model under trade credit in a supplier-Stackelberg game
• Decision bias in the newsvendor problem with a known demand distribution: experimental evidence
• Dual-channel supply chain coordination considering targeted capacity allocation under uncertainty
• Dynamics of a risk-averse newsvendor model with continuous-time delay in supply chain financing
• Integrated demand and procurement portfolio management with spot market volatility and option contracts
• Loss aversion and rationality in the newsvendor problem under recourse option
• Optimal Inventory Policy
• Optimal bidding and contracting strategies for capital-intensive goods
• Optimal ordering and pricing strategies in the presence of a B2B spot market
• Pricing policies for dual-channel supply chain with green investment and sales effort under uncertain demand
• Sourcing flexibility, spot trading, and procurement contract structure
• Stochastic sensitivity and dynamical complexity of newsvendor models subject to trade credit
• Technical Note—Optimal Inventory Policy in the Presence of a Long-Term Supplier and a Spot Market
• The expectation-based loss-averse newsvendor
• The loss-averse newsvendor problem with supply options

Cited in

(1)

• Sourcing decisions with loss aversion under yield and demand randomness

This page was built for publication: On maximizing a loss-averse buyer's expected utility in a multi-sourcing problem

Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q2168124)