跳到主要导航 跳到搜索 跳到主要内容

The expectation-based loss-averse newsvendor

  • Beihang University

科研成果: 书/报告/会议事项章节会议稿件同行评审

摘要

Based on the traditional newsvendor model, we modify the classic single-period problem by assuming that the newsvendor is expectation-based loss averse. We highlight the influence of psychological reference point and loss aversion and find that if shortage cost is negligible, then a loss-averse newsvendor may order less than a risk-neutral newsvendor. We also find that if shortage cost is considered, the loss-averse newsvendor's optimal order quantity has something to do with the relation of the marginal overage loss and marginal underage loss, which can never occur in the risk-neutral newsvendor model.

源语言英语
主期刊名Proceedings of the 2015 27th Chinese Control and Decision Conference, CCDC 2015
出版商Institute of Electrical and Electronics Engineers Inc.
4644-4648
页数5
ISBN(电子版)9781479970179
DOI
出版状态已出版 - 17 7月 2015
活动27th Chinese Control and Decision Conference, CCDC 2015 - Qingdao, 中国
期限: 23 5月 201525 5月 2015

出版系列

姓名Proceedings of the 2015 27th Chinese Control and Decision Conference, CCDC 2015

会议

会议27th Chinese Control and Decision Conference, CCDC 2015
国家/地区中国
Qingdao
时期23/05/1525/05/15

指纹

探究 'The expectation-based loss-averse newsvendor' 的科研主题。它们共同构成独一无二的指纹。

引用此