A risk-averse newsvendor model under stochastic market price

DOI10.1155/2021/9967359zbMath1486.90028OpenAlexW3198252694MaRDI QIDQ2059286

Jiaping Zhang, Huirong Zhang, Zhen-yu Zhang

Publication date: 13 December 2021

Published in: Discrete Dynamics in Nature and Society (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1155/2021/9967359

Mathematics Subject Classification ID

Stochastic programming (90C15) Management decision making, including multiple objectives (90B50) Transportation, logistics and supply chain management (90B06) Microeconomic theory (price theory and economic markets) (91B24) Inventory, storage, reservoirs (90B05)

Cites Work

• Unnamed Item
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• The overconfident and optimistic price-setting newsvendor
• Loss aversion and rationality in the newsvendor problem under recourse option
• Decision-making optimization of risk-seeking retailer managed inventory model in a water supply chain
• Augmented simulation methods for discrete stochastic optimization with recourse
• Decision Bias in the Newsvendor Problem with a Known Demand Distribution: Experimental Evidence
• Pricing and the Newsvendor Problem: A Review with Extensions
• The loss‐averse newsvendor problem with supply options
• Augmented nested sampling for stochastic programs with recourse and endogenous uncertainty
• The Risk-Averse (and Prudent) Newsboy
• Optimal Inventory Policy

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