Buyback and stockout penalty newsvendor model based on reference point prospect theory.
Zhiqiang CaoZheng YangFang LiuZiyu YePublished in: Clust. Comput. (2019)
Keyphrases
- reference point
- order quantity
- quantity discount
- demand uncertainty
- demand function
- prospect theory
- inventory level
- service level
- single period
- manufacturing systems
- region of interest
- supply chain
- objective function
- nash equilibrium
- expected utility
- lead time
- stochastic demand
- inventory models
- production cost
- convex hull
- lot sizing
- single item
- dynamic pricing
- operational decisions