Mean-variance analysis of the newsvendor model with stockout cost

Jun Wu; Jian Li; Shouyang Wang; T. C.E. Cheng

doi:10.1016/j.omega.2008.02.005

Mean-variance analysis of the newsvendor model with stockout cost

Jun Wu, Jian Li, Shouyang Wang, T. C.E. Cheng^*

^*此作品的通讯作者

科研成果: 期刊稿件 › 文章 › 同行评审

150 引用（Scopus）

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.

源语言	英语
页（从-至）	724-730
页数	7
期刊	Omega (United Kingdom)
卷	37
期	3
DOI	https://doi.org/10.1016/j.omega.2008.02.005
出版状态	已出版 - 6月 2009
已对外发布	是

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Mean-variance analysis of the newsvendor model with stockout cost

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