Bilevel newsvendor models considering retailer with CVaR objective

Computers and Industrial Engineering

Volumn 57, Issue 1, 2009, Pages 310-318

  Cheng, Lu ^a   Wan, Zhongping ^a   Wang, Guangmin ^b  

^a WUHAN UNIVERSITY   (China)

^b CHINA UNIVERSITY OF GEOSCIENCES   (China)

Author keywords

Bilevel newsvendor model; CVaR; Demand distribution; Two echelon systems

Indexed keywords

ANALYTICAL SOLUTIONS; BILEVEL; BILEVEL NEWSVENDOR MODEL; CONDITIONAL VALUE-AT-RISK; CVAR; DEMAND DISTRIBUTION; EXPECTED PROFITS; NEWSVENDOR MODELS; ORDER QUANTITY; TWO-ECHELON SYSTEMS; WHOLE SALE PRICES;

OPTIMIZATION; RISK ASSESSMENT;

SALES;

EID: 67349237461     PISSN: 03608352     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.cie.2008.12.002     Document Type: Article

References (19)

1. Artzner P., Delbaen F., Eber J.M., and Heath D. Coherent measures of risk. Mathematical Finance 3 (1999) 203-228
2. Bard J. Practical bilevel optimization: Algorithm and applications (1998), Kluwer Academic Publishers, Dordrecht
3. Chen X., Sim M., Simichi-levi D., and Sun P. Risk aversion in inventory management (2003), MIT, Cambridge, MA
4. Emmons H., and Gilbert S.M. The role of returns policies in pricing and inventory decisions for catalogue goods. Management Science 44 (1998) 76-83
5. Gotoh J., and Takano Y. Newsvendor solutions via conditional value-at-risk minimization. European Journal of Operational Research 179 (2007) 80-96
6. Iyer A.V., and Bergen M.E. Quick response in manufacturer-retailer channels. Management Science 43 (1997) 59-70
7. Ji Xiaoyu., and Shao Zhen. Model and algorithm for bilevel newsboy problem with fuzzy demands and discounts. Applied Mathematics and Computation 172 (2006) 163-174
8. Khouja M. The single-period (news-vendor) problem: Literature review and suggestions for future research. Omega 27 (1999) 537-553
9. Lau A., and Lau H. Manufacturer's pricing strategy and return policy for a single-period commodity. European Journal of Operational Research 116 (1999) 291-304
10. Lau A., and Lau H. Some two-echelon style-goods inventory models with asymmetric market information. European Journal of Operational Research 134 (2001) 29-42
11. Lau A., and Lau H. Comparative normative optimal behavior in two-echelon multiple-retailer distribution systems for a single-period product. European Journal of Operational Research 144 (2003) 659-676
12. Mauser H., and Rosen D. Beyond VaR: From measuring risk to managing risk. ALGO Research Quarterly 1 2 (1999) 5-20
13. Pasternack B.A. Optimal pricing and return policies for perishable commodities. Marketing Science 4 (1985) 66-76
14. Rockafeller T.R., and Uryasev S. Optimization of conditional value-at-risk. Journal of Risk 2 3 (2000) 21-24
15. Rockafeller T.R., and Uryasev S. Conditional value-at-risk for general loss distribution. Journal of Banking and Finance 26 (2002) 1443-1471
16. Schweitzer M.E., and Cachon G.P. Decision bias in the newsvendor problem with a known demand distribution: Experimental evidence. Management Science 46 (2000) 404-420
17. Wang C.X., and Webster S. The loss-averse newsvendor problem. Omega 37 1 (2009) 93-105
18. Xu Minghui., Yu Gang., and Zhang Hanqin. CVaR in a newsvendor model with lost sale penalty cost (in Chinese). Systems Engineering: Theory and Practice 10 (2006) 1-8
19. Yang Shanlin., and Zhou Yongwu. Two-echelon supply chain models: Considering duopolistic retailer's different competitive behaviors. International Journal of Production Economics 103 (2006) 104-116