Can loss aversion explain sourcing diversification under supply risk?

DOI10.1016/J.ORL.2021.11.001MaRDI QIDQ2670458zbMATH OpenOpenAlexFDO

Authors Dahai Cai, Yucheng Dong, Meng Wu

Publication date 11 March 2022

Published in Operations Research Letters (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.orl.2021.11.001

zbMATH Keywords

loss aversionreference dependencysourcing diversificationsupply uncertainty

Mathematics Subject Classification ID

Operations research, mathematical programming (90-XX)

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Cites work

• An index of loss aversion
• Aspirations as reference points: an experimental investigation of risk behavior over time
• Dual sourcing in the age of near-shoring: trading off stochastic capacity limitations and long lead times
• scientific article; zbMATH DE number 4041588 (Why is no real title available?)
• Oligopoly newsvendor competition with reference effects
• Optimal procurement strategy under supply risk
• Prospect Theory: An Analysis of Decision under Risk

Cited in

(2)

• A newsvendor model with multiple reference points: target-setting for aspirational newsvendors
• Concurrent sourcing behavior and bounded rationality under capacity constraints

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