THE RISK-AVERSE (AND PRUDENT) NEWSBOY

被引：426
|
作者：
EECKHOUDT, L
GOLLIER, C
SCHLESINGER, H
机构：
[1] UNIV TOULOUSE 1,IDEI,F-31042 TOULOUSE,FRANCE
[2] UNIV ALABAMA,DEPT FINANCE,TUSCALOOSA,AL 35487
[3] CORE,B-1348 LOUVAIN,BELGIUM
来源：
MANAGEMENT SCIENCE | 1995年 / 41卷 / 05期
关键词：
NEWSBOY PROBLEM; INVENTORY; INCREASE IN RISK; RISK AVERSION; PRUDENCE;
D O I：
10.1287/mnsc.41.5.786
中图分类号：
C93 [管理学];
学科分类号：
12 ; 1201 ; 1202 ; 120202 ;
摘要：
The effects of risk and risk aversion in the single-period inventory (''newsboy'') problem are examined. Comparative-static effects of changes in the various price and cost parameters are determined and related to the newsboy's risk aversion. The addition of a random background wealth and of an increase in the riskiness of newspaper demand are also examined. Although many of the comparative effects generally are ambiguous, some fairly simple restrictions on preferences and/or risk increases are shown to lead to qualitatively deterministic results.
引用
收藏
页码：786 / 794
页数：9
相关论文
共 50 条
  • [21] A Risk-averse Analysis of Overseas Acquisition
    Zhu, Huan
    Liao, Liankai
    PROCEEDINGS OF 2016 2ND INTERNATIONAL CONFERENCE ON HUMANITIES AND SOCIAL SCIENCE RESEARCH (ICHSSR 2016), 2016, 70 : 65 - 68
  • [22] Inventory centralization with risk-averse newsvendors
    Zhang, Jiahua
    Fang, Shu-Cherng
    Xu, Yifan
    ANNALS OF OPERATIONS RESEARCH, 2018, 268 (1-2) : 215 - 237
  • [23] Risk-averse Heteroscedastic Bayesian Optimization
    Makarova, Anastasiia
    Usmanova, Ilnura
    Bogunovic, Ilija
    Krause, Andreas
    ADVANCES IN NEURAL INFORMATION PROCESSING SYSTEMS 34 (NEURIPS 2021), 2021, 34
  • [24] Risk-Averse Stochastic Convex Bandit
    Cardoso, Adrian Rivera
    Xu, Huan
    22ND INTERNATIONAL CONFERENCE ON ARTIFICIAL INTELLIGENCE AND STATISTICS, VOL 89, 2019, 89 : 39 - 47
  • [25] Inventory centralization with risk-averse newsvendors
    Jiahua Zhang
    Shu-Cherng Fang
    Yifan Xu
    Annals of Operations Research, 2018, 268 : 215 - 237
  • [26] Risk-averse agents with peer pressure
    Daido, K
    APPLIED ECONOMICS LETTERS, 2004, 11 (06) : 383 - 386
  • [27] Wardrop Equilibria with Risk-Averse Users
    Ordonez, Fernando
    Stier-Moses, Nicolas E.
    TRANSPORTATION SCIENCE, 2010, 44 (01) : 63 - 86
  • [28] MENTAL HEALTH IN THE RISK-AVERSE SOCIETY
    Eberhard, D.
    JOURNAL OF PSYCHOPHARMACOLOGY, 2011, 25 (08) : A4 - A4
  • [29] Risk-Averse Planning Under Uncertainty
    Ahmadi, Mohamadreza
    Ono, Masahiro
    Ingham, Michel D.
    Murray, Richard M.
    Ames, Aaron D.
    2020 AMERICAN CONTROL CONFERENCE (ACC), 2020, : 3305 - 3312
  • [30] Robust mechanisms for risk-averse sellers
    Sundararajan, Mukund
    Yan, Qiqi
    GAMES AND ECONOMIC BEHAVIOR, 2020, 124 : 644 - 658
12345