A benchmark solution for the risk-averse newsvendor problem

DOI10.1016/j.ejor.2005.03.047zbMath1103.90305OpenAlexW2056989496MaRDI QIDQ2503235

Baruch Keren, Joseph S. Pliskin

Publication date: 14 September 2006

Published in: European Journal of Operational Research (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.ejor.2005.03.047

zbMATH Keywords

uniform distributionrisk-aversionutility theorynewsvendor problem

Mathematics Subject Classification ID

Related Items (25)

Inventory centralization with risk-averse newsvendors ⋮ Ambiguity in risk preferences in robust stochastic optimization ⋮ The influence of positive and negative salvage values on supply chain financing strategies ⋮ Coherent risk measures in inventory problems ⋮ The newsvendor's optimal incentive contracts for multiple advertisers ⋮ Modeling a multi-attribute utility newsvendor with partial backlogging ⋮ Option contract strategies with risk‐aversion and emergency purchase ⋮ The risk-averse newsvendor game with competition on demand ⋮ Impact of loss aversion on the newsvendor problem: a literature review and insights for future researchers ⋮ Robust multi-market newsvendor models with interval demand data ⋮ Channel coordination with manufacturer's return policies within a newsvendor framework ⋮ Stochastic Monotonicity of the Mean-CVaRs and Their Applications to Inventory Systems with Stockout Cost: A Transformation Approach ⋮ Supply chain risk analysis with mean-variance models: a technical review ⋮ Transshipments in supply chains: a behavioral investigation ⋮ The risk-averse newsvendor problem under spectral risk measures: a classification with extensions ⋮ Loss aversion and rationality in the newsvendor problem under recourse option ⋮ Transferring and sharing exchange-rate risk in a risk-averse supply chain of a multinational firm ⋮ The newsvendor problem: review and directions for future research ⋮ On the loss-averse dual-sourcing problem under supply disruption ⋮ On sales effort and pricing decisions under alternative risk criteria ⋮ Coordination mechanism, risk sharing, and risk aversion in a five-level textile supply chain under demand and supply uncertainty ⋮ First- and second-price sealed-bid auctions applied to push and pull supply contracts ⋮ Would a risk-averse newsvendor order less at a higher selling price? ⋮ The newsvendor problem under multiplicative background risk ⋮ Comparative statics of changes in risk on monotonically and partially responsive kinked payoffs

Cites Work

• Decision Bias in the Newsvendor Problem with a Known Demand Distribution: Experimental Evidence
• Optimality Criteria and Risk in Inventory Models: The Case of the Newsboy Problem
• The Newsboy Problem under Alternative Optimization Objectives
• The Risk-Averse (and Prudent) Newsboy
• Risk Aversion in the Small and in the Large
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