Allocating Inventory Risk in Retail Supply Chains: Risk Aversion, Information Asymmetry, and Outside Opportunity.
Chengfan HouMengshi LuPublished in: Manuf. Serv. Oper. Manag. (2024)
Keyphrases
- supply chain
- risk aversion
- information asymmetry
- lead time
- inventory level
- risk averse
- utility function
- supply chain management
- expected utility
- service level
- bullwhip effect
- total cost
- lot sizing
- inventory control
- single item
- lost sales
- exchange rate
- planning horizon
- customer demand
- resource allocation
- fixed cost
- holding cost
- lot size
- order quantity
- decision makers
- infinite horizon
- probabilistic model
- linear programming
- single period