Buyback and stockout penalty newsvendor model based on reference point prospect theory
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DOI: 10.1007/s10586-018-2451-1
Abstract: Expected utility theory is as main analysis of newsvendor problem, which has generally accepted as a normative model of rational choice. However, various independent experimental studies have shown the actual order quantity of decision maker… read more here.
Keywords: order quantity; reference point; theory; prospect theory ... See more keywords