Opportunity Loss Minimization and Newsvendor Behavior
To study the decision bias in newsvendor behavior, this paper introduces an opportunity loss minimization criterion into the newsvendor model with backordering. We apply the Conditional Value-at-Risk (CVaR) measure to hedge against the potential risks from newsvendor’s order decision. We obtain the...
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| Principais autores: | , , |
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| Formato: | Artigo |
| Idioma: | Inglês |
| Publicado em: |
Wiley
2017-01-01
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| coleção: | Discrete Dynamics in Nature and Society |
| Acesso em linha: | http://dx.doi.org/10.1155/2017/3481869 |
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