The overconfident newsvendor.
Yufei RenDavid C. CrosonRachel T. A. CrosonPublished in: J. Oper. Res. Soc. (2017)
Keyphrases
- risk averse
- stochastic demand
- risk neutral
- single item
- inventory models
- financial markets
- information asymmetry
- decision makers
- utility function
- expected profit
- risk aversion
- stochastic inventory
- single period
- stochastic programming
- lost sales
- lot sizing
- finite horizon
- expected utility
- long run
- mathematical programming
- lead time
- upper bound