On demand uncertainty in the newsvendor model

被引：3
|
作者：
Butters, R. Andrew [1 ]
机构：
[1] Indiana Univ, Kelley Sch Business, Business Econ & Publ Policy, 1309 E Tenth St, Bloomington, IN 47405 USA
来源：
ECONOMICS LETTERS | 2019年 / 185卷
关键词：
Demand uncertainty; Newsvendor model; Dispersive order; Inventory; Monotone comparative statics; Censored demand; RISK; COST; INCREASES; AVERSE;
D O I：
10.1016/j.econlet.2019.108746
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
I provide three comparative statics involving the level of demand uncertainty for the newsvendor model, two of which lead to robust predictions. I show that for distributions of demand that are greater in the dispersive order, both the expected (censored) sales and share of inventory sold fall. These monotone comparative statics occur despite the lack of one for the (optimal) inventory choice. (C) 2019 Elsevier B.V. All rights reserved.
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页数：4
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