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A benchmark solution for the risk-averse newsvendor problem
10 references·16 citing·32 second hop
A benchmark solution for the risk-averse newsvendor problem (2005)A benchmark solution for the risk-averse …Decision Bias in the Newsvendor Problem with a Known Demand Distribution: Experimental Evidence (2000)Decision Bias in the Newsvend…The single-period (news-vendor) problem: literature review and suggestions for future research (1999)The single-period (news-vendo…The Risk-Averse (and Prudent) Newsboy (1995)The Risk-Averse (and Prudent)…The Newsboy Problem under Alternative Optimization Objectives (1980)The Newsboy Problem under Alt…Risk Aversion in the Small and in the Large (1976)Risk Aversion in the Small an…Risk Aversion in the Small and in the Large (1964)Risk Aversion in the Small an…Analysis of Inventory Systems. (1964)Analysis of Inventory Systems.Studies in the Mathematical Theory of Inventory and Production (1960)Studies in the Mathematical T…Studies in Mathematical Theory of Inventory and Production (1959)Studies in Mathematical Theor…Inventory Control and Price Theory (1955)Inventory Control and Price T…Coordination mechanism, risk sharing, and risk aversion in a five-level textile supply chain under demand and supply uncertainty (2019)Coordination mechanism, risk …Loss aversion and rationality in the newsvendor problem under recourse option (2017)Loss aversion and rationality…On the loss-averse dual-sourcing problem under supply disruption (2016)On the loss-averse dual-sourc…Coordination and performance analysis for a three-echelon supply chain with a revenue sharing contract (2016)Coordination and performance …Supply Chain Loss Averse Newsboy Model With Capital Constraint (2015)Supply Chain Loss Averse News…Transferring and sharing exchange-rate risk in a risk-averse supply chain of a multinational firm (2014)Transferring and sharing exch…Newsvendor decisions under supply uncertainty (2014)Newsvendor decisions under su…A bibliography of non-deterministic lot-sizing models (2013)A bibliography of non-determi…Robust multi-market newsvendor models with interval demand data (2011)Robust multi-market newsvendo…Risk tolerance and a retailer's pricing and ordering policies within a newsvendor framework (2011)Risk tolerance and a retailer…Ordering, wholesale pricing and lead-time decisions in a three-stage supply chain under demand uncertainty (2010)Ordering, wholesale pricing a…Optimal Pricing and Stocking Decisions for Newsvendor Problem With Value-at-Risk Consideration (2010)Optimal Pricing and Stocking …Managing inventory with two suppliers under yield uncertainty and risk aversion (2010)Managing inventory with two s…Risk-averse and risk-taking newsvendors: a conditional expected value approach (2007)Risk-averse and risk-taking n…Optimal ordering quantities for multi-products with stochastic demand: Return-CVaR model (2007)Optimal ordering quantities f…Evaluating manufacturer's buyback policies in a single-period two-echelon framework under price-dependent stochastic demand (2006)Evaluating manufacturer's buy…Optimal Lot Sizing, Process Quality Improvement and Setup Cost Reduction (1986)Inventory management and production planning and scheduling (1999)A Newsvendor’s Procurement Problem when Suppliers Are Unreliable (2007)Strategic Customer Behavior, Commitment, and Supply Chain Performance (2008)The newsvendor problem: Review and directions for future research (2010)Judgment under Uncertainty: Heuristics and Biases (1975)Prospect Theory: An Analysis of Decision under Risk (1979)Prospect theory: An analysis of decision under risk (1988)Behavior in operations management: Assessing recent findings and revisiting old assumptions (2006)Behavioral Causes of the Bullwhip Effect and the Observed Value of Inventory Information (2006)Overcoming Algorithm Aversion: People Will Use Imperfect Algorithms If They Can (Even Slightly) Modify Them (2016)Precautionary Saving in the Small and in the Large (1989)Impact of Uncertainty and Risk Aversion on Price and Order Quantity in the Newsvendor Problem (2000)Robust Solutions of Optimization Problems Affected by Uncertain Probabilities (2012)A JOINT ECONOMIC‐LOT‐SIZE MODEL FOR PURCHASER AND VENDOR (1986)Lot Sizing with Random Yields: A Review (1995)Risk Aversion in Inventory Management (2007)Supply chain risk analysis with mean-variance models: a technical review (2013)The mean-variance approach for global supply chain risk analysis with air logistics in the blockchain technology era (2019)Combined Pricing and Inventory Control Under Uncertainty (1999)On the Relationship Between Inventory Costs and Variety Benefits in Retail Assortments (1999)Closed-Loop Supply Chain Models with Product Remanufacturing (2004)Financial Intermediation and Delegated Monitoring (1984)Well-being : the foundations of hedonic psychology (1999)Control Techniques for Complex Networks (2007)Distributionally Robust Optimization Under Moment Uncertainty with Application to Data-Driven Problems (2010)Data-Driven Distributionally Robust Optimization Using the Wasserstein Metric: Performance Guarantees and Tractable Reformulations (2015)On the measurement of inequality (1970)THE VALUATION OF RISK ASSETS AND THE SELECTION OF RISKY INVESTMENTS IN STOCK PORTFOLIOS AND CAPITAL BUDGETS**This paper is another in a series of interrelated theoretical and statistical studies of corporate financial and investment policies being made under grants from the Rockefeller Foundation, and more recently the Ford Foundation, to the Harvard Business School. The generous support for this work is most gratefully acknowledged. The author is also much indebted to his colleagues Professors Bishop, Christenson, Kahr, Raiffa, and (especially) Schlaifer, for extensive discussion and commentary on an earlier draft of this paper; but responsibility for any errors or imperfections remains strictly his own.[Professor Sharpe's paper, “Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk” (Journal of Finance, September 1964) appeared after this paper was in final form and on its way to the printers. My first section, which parallels the first half of his paper (with corresponding conclusions), sets the algebraic framework for sections II, III and VI, (which have no counterpart in his paper) and for section IV on the equilibrium prices of risk assets, concerning which our results differ significantly for reasons which will be explored elsewhere. Sharpe does not take up the capital budgeting problem developed in section V below.] (1975)The arbitrage theory of capital asset pricing (1976)Measuring and avoiding the bullwhip effect: A control theoretic approach (2003)Distributionally Robust Convex Optimization (2014)
this work references cited by second hop

References

  • 1964Risk Aversion in the Small and in the Large4,964 cited
  • 1976Risk Aversion in the Small and in the Large4,655 cited
  • 1964Analysis of Inventory Systems.2,345 cited
  • 2000Decision Bias in the Newsvendor Problem with a Known Demand Distribution: Experimental Evidence1,087 cited
  • 1999The single-period (news-vendor) problem: literature review and suggestions for future research910 cited
  • 1955Inventory Control and Price Theory738 cited
  • 1959Studies in Mathematical Theory of Inventory and Production696 cited
  • 1960Studies in the Mathematical Theory of Inventory and Production537 cited
  • 1995The Risk-Averse (and Prudent) Newsboy485 cited
  • 1980The Newsboy Problem under Alternative Optimization Objectives384 cited

Cited by

  • 2019Coordination mechanism, risk sharing, and risk aversion in a five-level textile supply chain under demand and supply uncertainty103 cited
  • 2010Managing inventory with two suppliers under yield uncertainty and risk aversion101 cited
  • 2013A bibliography of non-deterministic lot-sizing models97 cited
  • 2007Risk-averse and risk-taking newsvendors: a conditional expected value approach78 cited
  • 2016Coordination and performance analysis for a three-echelon supply chain with a revenue sharing contract

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62 cited
  • 2010Ordering, wholesale pricing and lead-time decisions in a three-stage supply chain under demand uncertainty60 cited
  • 2011Risk tolerance and a retailer's pricing and ordering policies within a newsvendor framework57 cited
  • 2017Loss aversion and rationality in the newsvendor problem under recourse option55 cited
  • 2011Robust multi-market newsvendor models with interval demand data54 cited
  • 2010Optimal Pricing and Stocking Decisions for Newsvendor Problem With Value-at-Risk Consideration52 cited
  • 2006Evaluating manufacturer's buyback policies in a single-period two-echelon framework under price-dependent stochastic demand50 cited
  • 2015Supply Chain Loss Averse Newsboy Model With Capital Constraint50 cited
  • 2007Optimal ordering quantities for multi-products with stochastic demand: Return-CVaR model46 cited
  • 2014Newsvendor decisions under supply uncertainty45 cited
  • 2016On the loss-averse dual-sourcing problem under supply disruption45 cited
  • 2014Transferring and sharing exchange-rate risk in a risk-averse supply chain of a multinational firm44 cited