Supply chain coordination of loss-averse newsvendor with contract
نویسندگان
چکیده
منابع مشابه
Coordination of a Supply Chain with Risk-Averse Agents
The extant supply chain management literature has not addressed the issue of coordination in supply chains involving risk-averse agents. We take up this issue and begin with defining a coordinating contract as one that results in a Pareto-optimal solution acceptable to each agent. Our definition generalizes the standard one in the risk-neutral case. We then develop coordinating contracts in thr...
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We study a newsvendor who sells a perishable asset over repeated sales seasons to loss averse consumers. We identify conditions under which the expected price can be increasing in the consumer loss aversion level, and numerically show that the firm can prefer low and moderate levels of demand variability over no demand uncertainty. Moreover, we obtain a set of counterintuitive insights on how c...
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ژورنال
عنوان ژورنال: Tsinghua Science and Technology
سال: 2005
ISSN: 1007-0214
DOI: 10.1016/s1007-0214(05)70044-4