Earticle

초록

영어

This paper examines a single-period inventory problem with random capacity and demand, where the loss-averse preference is adopted to describe the newsvendor’s decision-making behavior. When the loss-averse newsvendor orders, the supplier has some random replenishment capacity. He will choose an order quantity to maximize his expected utility. The newsvendor’s optimal ordering policy is obtained, then the impacts of loss aversion, price, salvage value and cost on the optimal order quantity are analysed. Our research shows that the loss-averse newsvendor’s optimal order quantity is always less than the risk-neutral newsvendor’s. Moreover, the newsvendor’s optimal order quantity and expected utility are decreasing in the loss aversion level and purchasing cost, while increasing in selling price and salvage value. The numerical experiments are conducted to demonstrate our theoretical results.

목차

Abstract
 1. Introduction
 2. The Loss-Averse Newsvendor Model with Random Capacity
 3. Numerical Experiments
 4. Conclusion
 References

키워드

저자

• Chongfeng Lan [ School of Economics and Management, Beijing University of Posts and Telecommunications, China / School of Economics, Fuyang Normal College, China ]
• Huanyong Ji [ School of Economics, Fuyang Normal College, China ]
• Jing Li [ School of economic and management, Tian Jin University of Technology and Education, China ]

참고문헌

발행기관

간행물

표지보기 관심저널 등록

• 간행물명

  International Journal of u- and e- Service, Science and Technology

• 간기

  격월간

• pISSN

  2005-4246

• 수록기간

  2008~2016

• 십진분류

  KDC 505 DDC 605