The Loss-Averse Newsvendor Problem with Random Yield and Reference Dependence

نویسندگان
چکیده

برای دانلود باید عضویت طلایی داشته باشید

برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

منابع مشابه

Newsvendor Selling to Loss-Averse Consumers with Stochastic Reference Points

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...

متن کامل

The risk-averse newsvendor problem with random capacity

This paper examines a single-period inventory problem with random capacity and demand, where the loss-averse preference is adopted to describe the newsvendor’s decision-making behavior. When the loss-averse newsvendor orders, the supplier has some random replenishment capacity. He will choose an order quantity to maximize his expected utility. The newsvendor’s optimal ordering policy is obtaine...

متن کامل

Impact of Reference Point on Lose-Averse Newsvendor Problem

Newsvendor problem is a fundamental singleitem inventory problem with stochastic demands over a single period. In the traditional newsvendor model, the expected utility theory is introduced to measure the risk attitude of decision-maker. However, behavior of decisionmaker for many practical problems cannot be explained with the expected utility theory. As a result, prospect theory of the behavi...

متن کامل

Newsvendor solutions with general random yield distributions

Most systems are characterized by uncertainties that cause throughput to be highly variable, for example, many modern production processes and services are substantially affected by random yields. When yield is random, not only is the usable quantity uncertain, but the random yield reduces usable capacity and throughput in the system. For these reasons, strategies are needed that incorporate ra...

متن کامل

A risk-averse competitive newsvendor problem under the CVaR criterion

We study a risk-averse newsvendor problem with quantity competition and price competition. Under the Conditional Value-at-Risk (CVaR) criterion, we characterize the optimal quantity and pricing decisions under both quantity and price competition. For quantity competition, we consider two demand splitting rules, namely proportional demand allocation and demand reallocation. Although competition ...

متن کامل

ذخیره در منابع من


  با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید

ژورنال

عنوان ژورنال: Mathematics

سال: 2020

ISSN: 2227-7390

DOI: 10.3390/math8081231