Opportunity loss minimization and newsvendor behavior

DOI10.1155/2017/3481869zbMATH Open1369.90011OpenAlexW2606395278WikidataQ59143137 ScholiaQ59143137MaRDI QIDQ2398765FDOQ2398765

Authors: Hong Yan, Chi Kin Chan, Xinsheng Xu 

Publication date: 21 August 2017

Published in: Discrete Dynamics in Nature and Society (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1155/2017/3481869

Recommendations

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• Optimal decisions when balancing expected profit and conditional value-at-risk in newsvendor models

Mathematics Subject Classification ID

Decision theory (91B06) Inventory, storage, reservoirs (90B05)

Cites Work

• Inventory models with a mixture of backorders and lost sales
• Time and quantity dependent waiting costs in a newsvendor problem with backlogged shortages
• Advanced supply chain planning with mixtures of backorders, lost sales, and lost contract
• The Risk-Averse (and Prudent) Newsboy
• The newsvendor problem: review and directions for future research
• A robust-CVaR optimization approach with application to breast cancer therapy
• A risk-averse newsvendor model under the CVaR criterion
• Decision bias in the newsvendor problem with a known demand distribution: experimental evidence
• Multi-class dynamic inventory rationing with stochastic demands and backordering
• Newsvendor solutions via conditional value-at-risk minimization
• Reference dependence in multilocation newsvendor models: a structural analysis
• Manufacturer-buyer coordination for newsvendor-type-products with two ordering opportunities and partial backorders
• Revenue management with limited demand information
• Coordinating order quantities between the manufacturer and the buyer: a generalized newsvendor model.
• Economic production quantity (EPQ) models under an imperfect production process with shortages backordered
• The risk-averse newsvendor problem under spectral risk measures: a classification with extensions
• A note on ``Prospect theory and the newsvendor problem
• An optimal control of inventory under probablistic replenishment intervals and known price increase
• Robust regret for uncertain linear programs with application to co-production models
• Approximated closed-form minimum-cost solution to the \((r, q)\) policy with complete backordering and further developments
• Decision tree analysis for a risk averse decision maker: CVaR criterion

Cited In (7)

• Formation mechanism of newsvendor decision bias based on CARA utility function
• Optimal ordering decisions to minimize opportunity loss in the newsvendor model
• Regret in the Newsvendor Model with Partial Information
• Supply option purchasing decisions via mismatch cost minimization
• Loss aversion and rationality in the newsvendor problem under recourse option
• The optimal order decisions of a risk-averse newsvendor under backlogging
• Title not available (Why is that?)

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