Hedging Risks in the Loss-Averse Newsvendor Problem with Backlogging

This paper studies the optimal order decisions for the loss-averse newsvendor problem with backordering and contributes to the risk hedging issue in the newsvendor model. The Conditional Value-at-Risk (CVaR) measure is applied to quantify the potential risks for the loss-averse newsvendor in a backo...

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Bibliographic Details
Main Authors: Xiaoqing Liu, Felix T. S. Chan, Xinsheng Xu
Format: Artigo
Language:Inglês
Published: MDPI AG 2019-05-01
Series:Mathematics
Subjects:
newsvendor model
conditional value-at-risk
risk management
loss aversion
backordering
Online Access:https://www.mdpi.com/2227-7390/7/5/429
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