Impact of Uncertainty and Risk Aversion on Price and Order Quantity in the Newsvendor Problem.
Vipul AgrawalSridhar SeshadriPublished in: Manuf. Serv. Oper. Manag. (2000)
Keyphrases
- risk aversion
- order quantity
- inventory level
- risk averse
- lead time
- utility function
- single period
- expected utility
- total cost
- optimal policy
- expected cost
- service level
- production system
- infinite horizon
- lost sales
- inventory systems
- long run
- standard deviation
- production cost
- stochastic process
- state dependent
- single stage
- decision makers
- exchange rate
- special case
- evolutionary algorithm
- inventory models
- cost function
- supply chain
- decision theory
- genetic algorithm