A note on the risk aversion of informed newsvendors
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DOI: 10.1080/01605682.2017.1390525
Abstract: Abstract The order behaviour of newsvendors has been extensively analysed in the behavioural operations literature and a robust observation has been that average order quantities are between expected-profit-maximising quantities and mean demand. This “pull-to-center” effect… read more here.
Keywords: order quantities; risk; risk preferences; effect ... See more keywords