Risk-averse newsvendor model with strategic consumers

2011 ◽  
Author(s):  
Tie Wang ◽  
Qiying Hu
Keyword(s):  
Risk Averse ◽  
Newsvendor Model ◽  
Strategic Consumers

Technical Note—A Risk-Averse Newsvendor Model Under the CVaR Criterion

2009 ◽  
Vol 57 (4) ◽  
pp. 1040-1044 ◽  
Author(s):  
Youhua (Frank) Chen ◽  
Minghui Xu ◽  
Zhe George Zhang
Keyword(s):  
Technical Note ◽  
Risk Averse ◽  
Newsvendor Model

scholarly journals A Risk-Averse Newsvendor Model under Stochastic Market Price

2021 ◽  
Vol 2021 ◽  
pp. 1-9
Author(s):  
Huirong Zhang ◽  
Zhenyu Zhang ◽  
Jiaping Zhang
Keyword(s):  
Inventory Control ◽  
Market Price ◽  
Operational Efficiency ◽  
Risk Averse ◽  
Price Uncertainty ◽  
Newsvendor Model ◽  
Inventory Cost ◽  
Survival And Development ◽  
The Impact ◽  
Stochastic Market

The optimal inventory control is closely related to an enterprise’s operational efficiency, survival, and development. Market price uncertainty is introduced into the newsvendor model and the uncertainty’s impact on the firm's optimal stocking quantity is discussed. The results show that the impact of stochastic market price on the optimal stocking quantity under a given condition mainly depends on the magnitude of inventory cost. When the inventory cost is low, the market price’s uncertainty leads the firm to increase the stocking quantity. In contrast, when the inventory cost is high, market price uncertainty leads the firm to decrease inventory. Besides, the risk-averse behaviour leads the firm to reduce its stocking quantity.

scholarly journals A Risk-Averse Newsvendor Model Under the Framework of Uncertainty Theory

IEEE Access ◽  
2019 ◽  
Vol 7 ◽  
pp. 182632-182642
Author(s):  
Shengzhong Zhang ◽  
Yingmin Yu ◽  
Jidong Li ◽  
Qihong Zhu
Keyword(s):  
Uncertainty Theory ◽  
Risk Averse ◽  
Newsvendor Model

Life after Heart Transplantation

2002 ◽  
Vol 7 (4) ◽  
pp. 285-294 ◽  
Author(s):  
Lucia Savadori ◽  
Lorella Lotto ◽  
Rino Rumiati
Keyword(s):  
Heart Transplantation ◽  
Frame Of Reference ◽  
Physician Communication ◽  
Risk Averse ◽  
Medical Team ◽  
Perceived Knowledge ◽  
Surgical Technology ◽  
Postoperative Therapy ◽  
Life Expectation ◽  
Risk Judgments

Progress in surgical technology and in postoperative therapy has remarkably increased life expectation after heart transplantation. Nevertheless, patients still show a resistance to resume a normal life after transplantation, for example, to return to work. In this study we assume that after surgery patients become risk averse because they achieve a positive frame of reference. Because of this propensity toward risk aversion, they withhold from engaging in behavior that their physical condition would allow them in principle. Coherent with this assumption we found that compared to the medical team patients overestimate the degree of risk for routine activities. The study also showed that the representation of risk by the patients could be captured by a dreadfulness factor and a voluntariness factor. Patients' risk judgments were strongly and specifically predicted by the perceived degree of dreadfulness of the activity and, to a lesser extent, by the perceived knowledge of the consequences. Implications for patient-physician communication were explored.

Risk Attitude and Corporate Investment under Output Market Uncertainty: Evidence from The Mekong River Delta, Vietnam

2016 ◽  
pp. 59-70
Author(s):  
Ninh Le Khuong ◽  
Nghiem Le Tan ◽  
Tho Huynh Huu
Keyword(s):  
Negative Relationship ◽  
Risk Attitude ◽  
Business Strategies ◽  
Risk Averse ◽  
Market Uncertainty ◽  
Firm Investment ◽  
Output Market ◽  
The Impact ◽  
The Relationship

This paper aims to detect the impact of firm managers’ risk attitude on the relationship between the degree of output market uncertainty and firm investment. The findings show that there is a negative relationship between these two aspects for risk-averse managers while there is a positive relationship for risk-loving ones, since they have different utility functions. Based on the findings, this paper proposes recommendations for firm managers to take into account when making investment decisions and long-term business strategies as well.

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