Because inventory systems are managed or heavily influenced by decision makers, understanding human behaviors in inventory management has become an important research topic. Based on newsvendor decisions, in the literature, it has been argued that a few methods (e.g., ex-post inventory error,...

Prospect theory shows that human behavior in decision making can often be characterized by an S-shaped utility function. In this paper, we consider a periodic review inventory system with an exponential-type S-shaped utility function. The objective is to maximize the total expected utility over...

Based on the newsvendor setting, many behavioral models are proposed to predict biases of decision makers in inventory management. Recently, Nagarajan and Shechter claimed that prospect theory cannot explain the consistent empirical findings (Management Science, 2014, P.1057-1062). However, it...

This study aims to gain insight in quality assurance (QA) activities along China’s dairy chain, to assess the potential of meeting more demanding domestic and foreign consumers. The study reviewed QA literature and QA standards (HACCP, GlobalGAP, and BRC) to formulate indicators for QA. Based...

Mushrooms traditionally collected from forests and now more cultivated have recently become the products of the fifth-largest agricultural sector in China. It was estimated that more than 25 million farmers in China are currently engaged in the collection, cultivation processing and marketing of...

China is experiencing increased land contamination in recent years. A number of social and economic problems have developed and must be dealt with, in some cases, as a matter of urgency. Those problems have been neglected for years and so far there is no nationwide specific legislation to...

We consider a triadic supply chain, in which a manufacturer can sequentially source from two suppliers: a cheap primary supplier with yield uncertainty risk; and an expensive backup supplier with perfect reliability. After having a contract with the primary supplier, the manufacturer may offer a...

We conduct an experimental study on the decision biases in a scenario where two newsvendors compete a common market, in which if stockout happens at a newsvendor, the unsatisfied demand is reallocated to his/her competitor. Following the existing theory, an experiment of competing game with...

The Ledong 10 area of the famous HTHP Yinggehai Basin, South China Sea hosts abundant natural gas resources, which is expected to be a significant gas production base in China. The formation overpressure is a key factor that impacts geophysical responses, rock quality, diagenesis evolution,...