메뉴 건너뛰기




Volumn 40, Issue 2, 2012, Pages 188-198

Risk tolerance and a retailer's pricing and ordering policies within a newsvendor framework

Author keywords

Alternate optimization objectives; Degree of risk tolerance; Inventory management; Newsvendor problem; Price dependent demand; Supply chain management

Indexed keywords

COSTS; INVENTORY CONTROL; NUMERICAL METHODS; PROFITABILITY; SALES; STOCHASTIC SYSTEMS;

EID: 79960630574     PISSN: 03050483     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.omega.2011.05.007     Document Type: Article
Times cited : (54)

References (43)
  • 1
    • 0009998963 scopus 로고    scopus 로고
    • Impact of uncertainty and risk aversion on price and order quantity in the newsvendor problem
    • Agrawal V., Seshadri S. Impact of uncertainty and risk aversion on price and order quantity in the newsvendor problem. Manufacturing and Service Operations Management 2000, 2:410-423.
    • (2000) Manufacturing and Service Operations Management , vol.2 , pp. 410-423
    • Agrawal, V.1    Seshadri, S.2
  • 3
    • 0019610159 scopus 로고
    • Risk reduction as a managerial motive for conglomerate mergers
    • Amihud Y., Lev B. Risk reduction as a managerial motive for conglomerate mergers. Bell Journal of Economics 1981, 12:605-617.
    • (1981) Bell Journal of Economics , vol.12 , pp. 605-617
    • Amihud, Y.1    Lev, B.2
  • 4
    • 0023386449 scopus 로고
    • Optimality criteria and risk in inventory models: the case of the newsboy problem
    • Anwari M. Optimality criteria and risk in inventory models: the case of the newsboy problem. Journal of the Operational Research Society 1987, 38:625-632.
    • (1987) Journal of the Operational Research Society , vol.38 , pp. 625-632
    • Anwari, M.1
  • 5
    • 0023363723 scopus 로고
    • Inventory policies under various optimizing criteria and variable markup rates
    • Arcelus F.J., Srinivasan G. Inventory policies under various optimizing criteria and variable markup rates. Management Science 1987, 33:756-762.
    • (1987) Management Science , vol.33 , pp. 756-762
    • Arcelus, F.J.1    Srinivasan, G.2
  • 6
    • 33745295444 scopus 로고    scopus 로고
    • Retailer's response to alternate manufacturer's incentives under a single period, price-dependent, stochastic-demand framework
    • Arcelus F.J., Kumar S., Srinivasan G. Retailer's response to alternate manufacturer's incentives under a single period, price-dependent, stochastic-demand framework. Decision Sciences 2005, 36:599-626.
    • (2005) Decision Sciences , vol.36 , pp. 599-626
    • Arcelus, F.J.1    Kumar, S.2    Srinivasan, G.3
  • 7
    • 41549145982 scopus 로고    scopus 로고
    • The impact of alternate performance measures on single period inventory policy
    • Brown A., Tang C.S. The impact of alternate performance measures on single period inventory policy. Journal of Industrial and Management Optimization 2006, 2:297-318.
    • (2006) Journal of Industrial and Management Optimization , vol.2 , pp. 297-318
    • Brown, A.1    Tang, C.S.2
  • 11
    • 69949092181 scopus 로고    scopus 로고
    • Risk-averse newsvendor model under the CVaR criterion
    • Chen Y., Xu M., Zhang Z.G.A. Risk-averse newsvendor model under the CVaR criterion. Operations Research 2009, 57:1040-1044.
    • (2009) Operations Research , vol.57 , pp. 1040-1044
    • Chen, Y.1    Xu, M.2    Zhang, Z.G.A.3
  • 13
    • 34748848658 scopus 로고    scopus 로고
    • Channel coordination in supply chains with members having mean-variance objectives
    • Choi T.M., Li D., Yan H., Chiu C.H. Channel coordination in supply chains with members having mean-variance objectives. Omega 2008, 36:565-576.
    • (2008) Omega , vol.36 , pp. 565-576
    • Choi, T.M.1    Li, D.2    Yan, H.3    Chiu, C.H.4
  • 16
    • 77953683799 scopus 로고    scopus 로고
    • Decision making in the newsvendor problem: a cross natural laboratory study
    • Feng T., Keller L.R., Zhan X. Decision making in the newsvendor problem: a cross natural laboratory study. Omega 2011, 39:41-50.
    • (2011) Omega , vol.39 , pp. 41-50
    • Feng, T.1    Keller, L.R.2    Zhan, X.3
  • 17
    • 33751312075 scopus 로고    scopus 로고
    • Newsvendor solutions via conditional value-at-risk minimization
    • Gotoh J., Takano Y. Newsvendor solutions via conditional value-at-risk minimization. European Journal of Operational Research 2007, 179:80-96.
    • (2007) European Journal of Operational Research , vol.179 , pp. 80-96
    • Gotoh, J.1    Takano, Y.2
  • 19
    • 0000125532 scopus 로고
    • Prospect theory: an analysis of decision making under risk
    • Kahneman D., Tversky A. Prospect theory: an analysis of decision making under risk. Econometrica 1979, 47:263-291.
    • (1979) Econometrica , vol.47 , pp. 263-291
    • Kahneman, D.1    Tversky, A.2
  • 20
    • 0001835872 scopus 로고
    • Prices and optimal inventory policy
    • Stanford University Press, Stanford, CA, K.J. Arrow, H. Scarf (Eds.)
    • Karlin S., Carr C.R. Prices and optimal inventory policy. Studies in applied probability and management science 1962, 159-172. Stanford University Press, Stanford, CA. K.J. Arrow, H. Scarf (Eds.).
    • (1962) Studies in applied probability and management science , pp. 159-172
    • Karlin, S.1    Carr, C.R.2
  • 21
    • 33746986540 scopus 로고    scopus 로고
    • A benchmark solution for the risk-averse newsvendor problem
    • Keren B., Piskin J.S. A benchmark solution for the risk-averse newsvendor problem. European Journal of Operational Research 2006, 174:1643-1650.
    • (2006) European Journal of Operational Research , vol.174 , pp. 1643-1650
    • Keren, B.1    Piskin, J.S.2
  • 22
    • 0001552617 scopus 로고    scopus 로고
    • The single-period (news-vendor) problem: literature review and suggestions for future research
    • Khouja M. The single-period (news-vendor) problem: literature review and suggestions for future research. Omega 1999, 27:537-553.
    • (1999) Omega , vol.27 , pp. 537-553
    • Khouja, M.1
  • 23
    • 84974873186 scopus 로고
    • The newsboy problem under alternative optimization objectives
    • Lau H.S. The newsboy problem under alternative optimization objectives. Journal of the Operational Research Society 1980, 31:525-535.
    • (1980) Journal of the Operational Research Society , vol.31 , pp. 525-535
    • Lau, H.S.1
  • 24
    • 0344672502 scopus 로고    scopus 로고
    • Manufacturer's pricing strategy and return policy for a single-period commodity
    • Lau H.S., Lau A.H.L. Manufacturer's pricing strategy and return policy for a single-period commodity. European Journal of Operational Research 1999, 116:291-304.
    • (1999) European Journal of Operational Research , vol.116 , pp. 291-304
    • Lau, H.S.1    Lau, A.H.L.2
  • 25
    • 33947389606 scopus 로고    scopus 로고
    • Some properties of buyback and other related schemes in a newsvendor product supply-chain with price-sensitive demand
    • Lau A.H.L., Lau H., Wang J.C. Some properties of buyback and other related schemes in a newsvendor product supply-chain with price-sensitive demand. Journal of the Operational Research Society 2007, 58:491-504.
    • (2007) Journal of the Operational Research Society , vol.58 , pp. 491-504
    • Lau, A.H.L.1    Lau, H.2    Wang, J.C.3
  • 26
    • 0037850481 scopus 로고    scopus 로고
    • The single-item newsboy problem with dual performance measures and quantity discounts
    • Lin C.S., Kroll D.E. The single-item newsboy problem with dual performance measures and quantity discounts. European Journal of Operational Research 1997, 100:562-565.
    • (1997) European Journal of Operational Research , vol.100 , pp. 562-565
    • Lin, C.S.1    Kroll, D.E.2
  • 29
    • 0037319969 scopus 로고    scopus 로고
    • Balancing desirable but conflicting objectives in the newsvendor problem
    • Parlar M., Weng Z.K. Balancing desirable but conflicting objectives in the newsvendor problem. IIE Transactions 2003, 35:131-142.
    • (2003) IIE Transactions , vol.35 , pp. 131-142
    • Parlar, M.1    Weng, Z.K.2
  • 30
    • 0000382013 scopus 로고
    • Optimal pricing and return policies for perishable commodities
    • Pasternack B.A. Optimal pricing and return policies for perishable commodities. Marketing Science 1985, 4:166-176.
    • (1985) Marketing Science , vol.4 , pp. 166-176
    • Pasternack, B.A.1
  • 31
    • 0032689092 scopus 로고    scopus 로고
    • Pricing and the newsboy problem: a review with extensions
    • Petruzzi N.C., Dada M. Pricing and the newsboy problem: a review with extensions. Operations Research 1999, 47:183-194.
    • (1999) Operations Research , vol.47 , pp. 183-194
    • Petruzzi, N.C.1    Dada, M.2
  • 32
    • 0033876686 scopus 로고    scopus 로고
    • Decision bias in the newsvendor problem with a known demand distribution: experimental evidence
    • Schweitzer M.E., Cachon G.P. Decision bias in the newsvendor problem with a known demand distribution: experimental evidence. Management Science 2000, 46:404-420.
    • (2000) Management Science , vol.46 , pp. 404-420
    • Schweitzer, M.E.1    Cachon, G.P.2
  • 33
    • 42649144468 scopus 로고    scopus 로고
    • Pareto quantity flexibility contracts for a supply chain under multiple objectives
    • Shi C., Chen B. Pareto quantity flexibility contracts for a supply chain under multiple objectives. Journal of the Operational Research Society 2008, 59:685-692.
    • (2008) Journal of the Operational Research Society , vol.59 , pp. 685-692
    • Shi, C.1    Chen, B.2
  • 34
    • 34249047650 scopus 로고    scopus 로고
    • Pareto-optimal contracts for a supply chain with satisficing objectives
    • Shi C., Chen B. Pareto-optimal contracts for a supply chain with satisficing objectives. Journal of the Operational Research Society 2007, 58:751-759.
    • (2007) Journal of the Operational Research Society , vol.58 , pp. 751-759
    • Shi, C.1    Chen, B.2
  • 36
    • 34548210438 scopus 로고    scopus 로고
    • Channel coordination for a supply chain with a risk-neutral manufacturer and a loss-averse retailer
    • Wang C.X., Webster S. Channel coordination for a supply chain with a risk-neutral manufacturer and a loss-averse retailer. Decision Sciences 2007, 38:361-389.
    • (2007) Decision Sciences , vol.38 , pp. 361-389
    • Wang, C.X.1    Webster, S.2
  • 37
    • 44849131696 scopus 로고    scopus 로고
    • The loss-averse newsvendor problem
    • Wang C.X., Webster S. The loss-averse newsvendor problem. Omega 2009, 37:93-105.
    • (2009) Omega , vol.37 , pp. 93-105
    • Wang, C.X.1    Webster, S.2
  • 39
    • 71649093592 scopus 로고    scopus 로고
    • Mean-variance analysis of supply chains under wholesale pricing and profit sharing scheme
    • Wei Y., Choi T.M. Mean-variance analysis of supply chains under wholesale pricing and profit sharing scheme. European Journal of Operational Research 2010, 204:255-262.
    • (2010) European Journal of Operational Research , vol.204 , pp. 255-262
    • Wei, Y.1    Choi, T.M.2
  • 40
    • 50349100801 scopus 로고    scopus 로고
    • Mean-variance analysis of the newsvendor model with stockout cost
    • Wu J., Li J., Wang S., Cheng T.C.E. Mean-variance analysis of the newsvendor model with stockout cost. Omega 2009, 37:724-730.
    • (2009) Omega , vol.37 , pp. 724-730
    • Wu, J.1    Li, J.2    Wang, S.3    Cheng, T.C.E.4
  • 41
    • 77955556220 scopus 로고    scopus 로고
    • The effect of demand uncertainty in a price-setting newsvendor model
    • Xu M., Chen Y., Xu X. The effect of demand uncertainty in a price-setting newsvendor model. European Journal of Operational Research 2010, 207:946-957.
    • (2010) European Journal of Operational Research , vol.207 , pp. 946-957
    • Xu, M.1    Chen, Y.2    Xu, X.3
  • 42
    • 77953688389 scopus 로고    scopus 로고
    • Optimal ordering and pricing decisions for a target oriented newsvendor
    • Yang S., Shi C.V., Zhao X. Optimal ordering and pricing decisions for a target oriented newsvendor. Omega 2011, 39:110-115.
    • (2011) Omega , vol.39 , pp. 110-115
    • Yang, S.1    Shi, C.V.2    Zhao, X.3


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.