The risk-averse newsvendor problem under spectral risk measures: A classification with extensions
详细信息 查看全文
- 作者：Emel Arıkan ; emel.arikan@wu.ac.at" class="auth_mail" title="E-mail the corresponding author ; Johannes Fichtinger
- 关键词：Inventory ; Newsvendor ; Risk-aversion ; Spectral risk measures ; Shortage cost
- 刊名：European Journal of Operational Research
- 出版年：2017
- 出版时间：1 January 2017
- 年：2017
- 卷：256
- 期：1
- 页码：116-125
- 全文大小：720 K
文摘
- •
We study the risk-averse newsvendor problem under spectral risk measures.
- •
We consider different return functions.
- •
Impact of risk aversion depends on the monotonocity of return function with respect to demand.
- •
A change in selling price may increase or decrease the optimal order quantity.