کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
1032851 943266 2012 11 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Risk tolerance and a retailer's pricing and ordering policies within a newsvendor framework
موضوعات مرتبط
علوم انسانی و اجتماعی مدیریت، کسب و کار و حسابداری استراتژی و مدیریت استراتژیک
پیش نمایش صفحه اول مقاله
Risk tolerance and a retailer's pricing and ordering policies within a newsvendor framework
چکیده انگلیسی

This paper evaluates the pricing and ordering policies of a retailer, facing a price-dependent stochastic demand, within a newsvendor framework, under different degrees of risk tolerance and under a variety of optimizing objectives. These are (i) maximizing expected profit, for a retailer who may be risk-seeker, risk-averse or risk neutral; (ii) deriving a maximin strategy of maximizing a minimum guaranteed profit and (iii) modeling the probability of exceeding a target profit, as a constraint or as an objective. Some analytical properties and numerical examples illustrate the main features of the models and provide some comparative policy analysis across the model.


► Extends the newsvendor model with price dependent demand.
► General framework to incorporate risk neutral risk-averse and risk taking behavior.
► Alternate criteria such as min–max and probability of achieving target explored.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Omega - Volume 40, Issue 2, April 2012, Pages 188–198
نویسندگان
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