Revisiting prospect theory and the newsvendor problem

DOI10.1016/j.orl.2017.09.009zbMath1409.90024OpenAlexW2766425132MaRDI QIDQ1728376

Yuwei Shen, Jinxing Xie, Xiao-Bo Zhao

Publication date: 22 February 2019

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

Full work available at URL: https://doi.org/10.1016/j.orl.2017.09.009

zbMATH Keywords

prospect theoryreference pointnewsvendorpull-to-center effect

Mathematics Subject Classification ID

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

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Cites Work

• Advances in prospect theory: cumulative representation of uncertainty
• A note on ``Prospect theory and the newsvendor problem
• Decision Bias in the Newsvendor Problem with a Known Demand Distribution: Experimental Evidence
• Prospect Theory: An Analysis of Decision under Risk