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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Váldodahkkit:	Wei Liu, Shiji Song, Ying Qiao, Han Zhao, Huachang Wang
Materiálatiipa:	Artigo
Giella:	Inglês
Almmustuhtton:	MDPI AG 2020-07-01
Ráidu:	Mathematics
Fáttát:	newsvendor problem random yield loss aversion reference dependence
Liŋkkat:	https://www.mdpi.com/2227-7390/8/8/1231
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