A Review of Behavioral Decision Making in the Newsvendor Problem
نویسندگان
چکیده
منابع مشابه
Team decision-making and individual learning in the newsvendor problem
Short abstract Past experimental studies of decision-making in the context of the Newsvendor problem unanimously find that the decision-makers tend to make suboptimal decisions and, unless special measures are taken to induce “in-task” learning, fail to improve quality of their decisions over time. However, most of these past studies dealt with individual decision-makers. In the present study w...
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15 صفحه اولDecision Making and the Price Setting Newsvendor: Experimental Evidence
We present an experimental study of the price-setting newsvendor problem, which extends the traditional framework by allowing the decision maker to determine both the selling price and the order quantity of a given item. We compare behavior under this model with two benchmark conditions where subjects have a single decision to make (price or quantity). We observe that subjects deviate from the ...
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ژورنال
عنوان ژورنال: Operations and Supply Chain Management: An International Journal
سال: 2018
ISSN: 2579-9363
DOI: 10.31387/oscm0350214