WebbDOI: 10.1016/j.cie.2024.106689 Corpus ID: 224906737; The overconfident and ambiguity-averse newsvendor problem in perishable product decision @article{Wu2024TheOA, title={The overconfident and ambiguity-averse newsvendor problem in perishable product decision}, author={Dasheng Dash Wu and Feng Chen}, journal={Comput. Webb5 dec. 2024 · Prior experimental studies have shown that individuals’ actual ordering decisions significantly deviate from theoretically-proved optimums in newsvendor problems. Several ordering behaviors like mean anchoring, demand chasing, reference dependence, mental accounting and overconfidence have been demonstrated to be the …
Overconfident Competing Newsvendors
Webb29 maj 2024 · To improve performance, we investigate whether nonstandard preferences based on prospect theory can manage overconfident newsvendors. We develop a framework where a manager determines a profit-based target, which serves as a reference point in the newsvendor's utility function. Webb16 aug. 2024 · This work studies a Robust Multi-product Newsvendor Model with Substitution (R-MNMS), where the demand and the substitution rates are stochastic and are subject to cardinality-constrained uncertainty sets. The goal of this work is to determine the optimal order quantities of multiple products to maximize the worst-case total profit. how do you make a crossover cable
Overconfident Newsvendor’s Joint Pricing and Ordering Decisions …
Webb29 maj 2024 · To improve performance, we investigate whether nonstandard preferences based on prospect theory can manage overconfident newsvendors. We develop a … Webb1 jan. 2009 · An overconfident newsvendor model is developed by defining the overconfidence as the newsvendor's over-precision about the true demand [33]. Croson … Webb10 apr. 2024 · KALYAN: The crime investigation branch of Railway Protection Force (RPF) has arrested a man allegedly involved in black marketing of long-distance train tickets under the pretext of running a milk ... phone cash card holder