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trade market, each participant makes a production decision using the Newsvendor model given carbon trading price determined …
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This study explores a Stackelberg game that consists of a manufacturer who is a leader manufacturing newsvendor …
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more psychological impact on the newsvendor than the gains. In economics and decision theory, the classical newsvendor … models treat losses and gains equally likely, by disregarding the expected utility when the newsvendor is loss …, this paper deals with the utility maximization of the newsvendor using a class of bounded utility functions to study the …
Persistent link: https://www.econbiz.de/10013470811
Uncertainty is a norm in business decisions. In this research, we focus on the inventory decisions for companies with uncertain customer demands. We first investigate forward buying strategies for single stage inventory decisions. The situation is common in commodity industry where prices often...
Persistent link: https://www.econbiz.de/10009476100
We modify the classic single-period inventory management problem by assuming that the newsvendor is expectation … psychological cost of leftovers as well as stockouts. If there are no monetary stockout costs, then the loss-averse newsvendor … orders a quantity lower than the quantity ordered by a profit-maximizing newsvendor. If there are positive monetary costs …
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The newsvendor's problem (NVP) formulation is applied to many logistics problems in which the principal decision is the …
Persistent link: https://www.econbiz.de/10012143037
's e-brand to determine the online customer demand. The study proposed a newsvendor model as a tool for sellers to make the …
Persistent link: https://www.econbiz.de/10012048376