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

DOI10.1016/J.MATCOM.2022.05.034OpenAlexW4282841016MaRDI QIDQ2168124FDOQ2168124

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

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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)

Cites Work

• 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
• Sourcing flexibility, spot trading, and procurement contract structure
• Decision bias in the newsvendor problem with a known demand distribution: experimental evidence
• 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
• Integrated demand and procurement portfolio management with spot market volatility and option contracts
• Loss aversion and rationality in the newsvendor problem under recourse option
• Dynamics of a risk-averse newsvendor model with continuous-time delay in supply chain financing
• Dual-channel supply chain coordination considering targeted capacity allocation under uncertainty
• Pricing policies for dual-channel supply chain with green investment and sales effort under uncertain demand
• Stochastic sensitivity and dynamical complexity of newsvendor models subject to trade credit
• A loss-averse retailer-supplier supply chain model under trade credit in a supplier-Stackelberg game

Cited In (1)

• Sourcing decisions with loss aversion under yield and demand randomness

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