Modeling newsvendor behavior: A prospect theory approach
Problem definition: Studies have shown that the behavior of subjects in newsvendor experiments is not consistent with expected profit maximization - an assumption that is often made in operations management literature. Although prospect theory has been established as a popular model of behavioral de...
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| Main Authors: | , |
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| Format: | text |
| Language: | English |
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Institutional Knowledge at Singapore Management University
2019
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| Online Access: | https://ink.library.smu.edu.sg/lkcsb_research/5849 https://ink.library.smu.edu.sg/context/lkcsb_research/article/6848/viewcontent/Modeling_Newsvender_Behavior_av.pdf https://ink.library.smu.edu.sg/context/lkcsb_research/article/6848/filename/0/type/additional/viewcontent/msom.2017.0701_sm.pdf |
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| Institution: | Singapore Management University |
| Language: | English |