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Optimal Ordering and Disposing Policies in the Presence of an Overconfident Retailer: A Stackelberg Game

This paper investigates the impact of the retailer’s overconfident behavior on supply chain performance. We start with a basic model on the rational newsvendor model and investigate the retailer’s optimal ordering decision and expected profit. Next, we extend the basic model and introduce an overcon...

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Autores principales: Zhigang Wang, Zhenchao Zhang, Chunfa Li, Lei Xu, Chang You
Formato: Artigo
Lenguaje:Inglês
Publicado: Hindawi Limited 2015-01-01
Colección:Mathematical Problems in Engineering
Acceso en línea:http://dx.doi.org/10.1155/2015/385289
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