On maximizing a loss-averse buyer's expected utility in a multi-sourcing problem

DOI10.1016/j.matcom.2022.05.034OpenAlexW4282841016MaRDI QIDQ2168124

Felix T. S. Chan, Ping Ji, Xin-Sheng Xu

Publication date: 31 August 2022

Published in: Mathematics and Computers in Simulation (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.matcom.2022.05.034

zbMATH Keywords

multi-sourcinglong-term contractoptimal purchasing decisionspot buying

Mathematics Subject Classification ID

Operations research, mathematical programming (90-XX) Game theory, economics, finance, and other social and behavioral sciences (91-XX)

Cites Work

• Optimal bidding and contracting strategies for capital-intensive goods
• Integrated demand and procurement portfolio management with spot market volatility and option contracts
• Loss aversion and rationality in the newsvendor problem under recourse option
• Optimal ordering and pricing strategies in the presence of a B2B spot market
• Dynamics of a risk-averse newsvendor model with continuous-time delay in supply chain financing
• Pricing policies for dual-channel supply chain with Green investment and sales effort under uncertain demand
• Stochastic sensitivity and dynamical complexity of newsvendor models subject to trade credit
• A loss-averse retailer-supplier supply chain model under trade credit in a supplier-Stackelberg game
• The expectation-based loss-averse newsvendor
• Dual-channel supply chain coordination considering targeted capacity allocation under uncertainty
• Sourcing Flexibility, Spot Trading, and Procurement Contract Structure
• Decision Bias in the Newsvendor Problem with a Known Demand Distribution: Experimental Evidence
• The loss‐averse newsvendor problem with supply options
• Technical Note—Optimal Inventory Policy in the Presence of a Long-Term Supplier and a Spot Market
• Optimal Inventory Policy

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