The risk-averse newsvendor model

被引：0
|
作者：
Lin, Zhibing [1 ]
Cai, Chen [1 ]
Xu, Baoguang [1 ]
机构：
[1] Chinese Acad Sci, Inst Policy & Management, Beijing 100080, Peoples R China
来源：
PROCEEDINGS OF 2007 INTERNATIONAL CONFERENCE ON MANAGEMENT SCIENCE AND ENGINEERING MANAGEMENT | 2007年
关键词：
newsvendor model; risk-averse; utility function;
D O I：
暂无
中图分类号：
C93 [管理学];
学科分类号：
12 ; 1201 ; 1202 ; 120202 ;
摘要：
The single period inventory problem has received much attention since the 1950s, it is analyzed and extended in many ways in the assumption of decision maker's risk-neutral character. In this paper we analyze a risk-averse newsvendor problem, when demand is a linear function of retail price. We also consider a shortage cost usually neglected in the literatures that close to our paper, show that the optimal order quantity not usually less than that in risk-neutral model, also show the retail price affects optimal order quantity in a complex way.
引用
收藏
页码：382 / 386
页数：5
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