Impact of decision style on newsvendor ordering behaviors: mean anchoring, demand chasing and overconfidence.
Xiaohua HanYiwen BianJennifer ShangPublished in: Soft Comput. (2020)
Keyphrases
- information asymmetry
- stochastic demand
- ordering cost
- inventory models
- single item
- inventory policy
- lost sales
- decision making
- decision makers
- human behavior
- lot sizing
- risk averse
- expected profit
- decision process
- lot size
- inventory control
- influence diagrams
- lead time
- standard deviation
- single period
- stochastic inventory
- order quantity
- customer demand
- inventory management
- finite horizon
- infinite horizon
- decision problems
- decision rules
- dynamic programming
- lower bound