Kim, Chong Keun; Kim, Pan Soo; Kwon, Joon Yeop - In: Global business and finance review 27 (2022) 5, pp. 55-64
employ a manager who has multiple prior beliefs about the probability distribution of the lead time. Findings: This study … finds that facing lead time ambiguity, the manager becomes more conservative when choosing the optimal stock level to hold … interactive effects of the manager’s risk aversion and lead time ambiguity on the optimal safety stock level. Originality …