Mean-variance analysis of the newsvendor model with stockout cost

doi:10.1016/j.omega.2008.02.005

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	Mean-variance analysis of the newsvendor model with stockout cost
	Wu, Jun 2; Li, Jian 3,4; Wang, Shouyang 3; Cheng, T. C. E.1
	2009-06-01
发表期刊	OMEGA-INTERNATIONAL JOURNAL OF MANAGEMENT SCIENCE
ISSN	0305-0483
卷号	37 期号:3 页码:724-730
摘要	We study the risk-averse newsvendor model with a mean-variance objective function. We show that stockout cost has a significant impact on the newsvendor's optimal ordering decisions. In particular. with stockout cost. the risk-averse newsvendor does not necessarily order less than the risk-neutral newsvendor. We illustrate this finding analytically for the case where the demand follows the power distribution. (c) 2008 Elsevier Ltd. All rights reserved.
关键词	Supply chain Newsvendor problem Mean-variance Stockout cost
DOI	10.1016/j.omega.2008.02.005
语种	英语
WOS研究方向	Business & Economics ; Operations Research & Management Science
WOS类目	Management ; Operations Research & Management Science
WOS记录号	WOS:000259851900021
出版者	PERGAMON-ELSEVIER SCIENCE LTD
引用统计
文献类型	期刊论文
条目标识符	http://ir.amss.ac.cn/handle/2S8OKBNM/9131
专题	中国科学院数学与系统科学研究院
通讯作者	Cheng, T. C. E.
作者单位	1.Hong Kong Polytech Univ, Dept Logist, Kowloon, Hong Kong, Peoples R China 2.Beijing Univ Posts & Telecommun, Sch Econ & Management, Beijing 100876, Peoples R China 3.Chinese Acad Sci, Inst Syst Sci, Acad Math & Syst Sci, Beijing 100080, Peoples R China 4.Beijing Univ Chem Technol, Coll Econ & Management, Beijing 100029, Peoples R China
推荐引用方式 GB/T 7714	Wu, Jun,Li, Jian,Wang, Shouyang,et al. Mean-variance analysis of the newsvendor model with stockout cost[J]. OMEGA-INTERNATIONAL JOURNAL OF MANAGEMENT SCIENCE,2009,37(3):724-730.
APA	Wu, Jun,Li, Jian,Wang, Shouyang,&Cheng, T. C. E..(2009).Mean-variance analysis of the newsvendor model with stockout cost.OMEGA-INTERNATIONAL JOURNAL OF MANAGEMENT SCIENCE,37(3),724-730.
MLA	Wu, Jun,et al."Mean-variance analysis of the newsvendor model with stockout cost".OMEGA-INTERNATIONAL JOURNAL OF MANAGEMENT SCIENCE 37.3(2009):724-730.