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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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Sonraí Bibleagrafaíochta
Main Authors: Zhigang Wang, Zhenchao Zhang, Chunfa Li, Lei Xu, Chang You
Formáid: Artigo
Teanga:Inglês
Foilsithe: Hindawi Limited 2015-01-01
Sraith:Mathematical Problems in Engineering
Rochtain Ar Líne:http://dx.doi.org/10.1155/2015/385289
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