Formation mechanism of newsvendor decision bias based on loss averse

DOI10.16183/J.CNKI.JSJTU.2017.02.016MaRDI QIDQ5368558zbMATH OpenFDO

Authors He Zhuang, Guangyuan Zhang, Xiaodong Ding, Gongyuan Lu, Di Gong, Xiuli Huang

Publication date 20 October 2017

Full work available at URL https://doi.org/10.16183/J.CNKI.JSJTU.2017.02.016

zbMATH Keywords

inventory decision behaviorloss aversenewsvendor decision biasnewsvendor modelstockout averse

Mathematics Subject Classification ID

Inventory, storage, reservoirs (90B05) Management decision making, including multiple objectives (90B50)

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• Coping with loss aversion in the newsvendor model
• Joint inventory, pricing, and advertising decisions with surplus and stockout loss aversions
• Risk aversion and implicit shortage cost explain the anchoring and insufficient adjustment bias in human newsvendors
• Impulse balance in the newsvendor game
• The newsvendor problem: the role of prospect theory and feedback
• Stockout aversion in retailing supply chain using newsvendor models
• Opportunity loss minimization and newsvendor behavior
• The expectation-based loss-averse newsvendor
• Can loss aversion explain sourcing diversification under supply risk?
• Formation mechanism of newsvendor decision bias based on CARA utility function
• Decision bias in the newsvendor problem with a known demand distribution: experimental evidence
• Decision-making and the newsvendor problem: an experimental study
• A newsvendor problem considering decision biases of strategic customers with private product value information

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