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

This paper studies a loss-averse newsvendor problem with reference dependence, where both demand and yield rate are stochastic. We obtain the loss-averse newsvendor’s optimal ordering policy and analyze the effects of loss aversion, reference dependence, random demand and yield on it. It is shown th...

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Bibliografske podrobnosti

Principais autores:	Wei Liu, Shiji Song, Ying Qiao, Han Zhao, Huachang Wang
Format:	Artigo
Jezik:	Inglês
Izdano:	MDPI AG 2020-07-01
Serija:	Mathematics
Teme:	newsvendor problem random yield loss aversion reference dependence
Online dostop:	https://www.mdpi.com/2227-7390/8/8/1231
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