Title :
Impact of Shortage Cost In A Risk-averse Newsboy Model
Author :
Wu, Jun ; Li, Jian ; Ou, Hai-ying
Author_Institution :
Sch. of Econ. & Manage., Beijing Univ. of Posts & Telecommun.
Abstract :
This paper studies the impact of shortage cost on the optimal decisions in a risk-averse newsboy problem. The risk-averse newsboy problem is analyzed by using the mean-variance approach. The impact of shortage cost on the newsboy´s optimal decisions is presented
Keywords :
costing; stock control; supply chains; inventory control; mean-variance approach; optimal decisions; risk-averse newsboy model; shortage cost impact; supply chain; Cost function; Inventory control; Mathematical model; Mathematics; Pricing; Risk analysis; Risk management; Stochastic processes; Supply chains; Uncertainty; Newsboy problem; Risk averse; Shortage cost;
Conference_Titel :
Service Systems and Service Management, 2006 International Conference on
Conference_Location :
Troyes
Print_ISBN :
1-4244-0450-9
Electronic_ISBN :
1-4244-0451-7
DOI :
10.1109/ICSSSM.2006.320626
