Opportunity loss minimization and newsvendor behavior

DOI10.1155/2017/3481869MaRDI QIDQ2398765zbMATH OpenOpenAlexWikidataFDO

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)

Copyright license Creative Commons Attribution 4.0 International

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

Mathematics Subject Classification ID

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

Recommendations

• Optimal ordering decisions to minimize opportunity loss in the newsvendor model
• Coping with loss aversion in the newsvendor model
• The loss-averse newsvendor problem with quantity-oriented reference point under CVaR criterion
• Formation mechanism of newsvendor decision bias based on loss averse
• Optimal decisions when balancing expected profit and conditional value-at-risk in newsvendor models

Cites work

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

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
• scientific article; zbMATH DE number 6746479 (Why is no real title available?)

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