Optimal ordering policy in a newsvendor problem: A behavioral study
عنوان مقاله: Optimal ordering policy in a newsvendor problem: A behavioral study
شناسه ملی مقاله: IIEC13_328
منتشر شده در سیزدهمین کنفرانس بین المللی مهندسی صنایع در سال 1395
شناسه ملی مقاله: IIEC13_328
منتشر شده در سیزدهمین کنفرانس بین المللی مهندسی صنایع در سال 1395
مشخصات نویسندگان مقاله:
M.J Mahdipour - Department of Industrial Engineering, Mazandaran University of Science and Technology Sheykh Tabarasi, Danesh ۵, Babol, Mazandaran, Iran
Hamid Mashreghi - Corresponding Author: Department of Industrial Engineering, Babol Noshirvani University of Technology Shariati Ave., Babol, Mazandaran, Iran
خلاصه مقاله:
M.J Mahdipour - Department of Industrial Engineering, Mazandaran University of Science and Technology Sheykh Tabarasi, Danesh ۵, Babol, Mazandaran, Iran
Hamid Mashreghi - Corresponding Author: Department of Industrial Engineering, Babol Noshirvani University of Technology Shariati Ave., Babol, Mazandaran, Iran
In newsvendor problem (NVP), a decision maker should order before selling season when the balance of ordering is required under demand uncertainty. The different extensions of NVP in academy and practice assume that the decision makers order at a familiar optimal ordering level so called critical ratio. Here, we design an experiment based on behavioral aspects and show that in reality, people deviate from optimal ordering levels. Our findings show that the deviations can be interpreted under risk-aversion in particular stock-out aversion of the subjects. Moreover, we observe that these deviations are not dependent to different optimal levels which require more experiment design in order to describe this behavioral phenomenon.
کلمات کلیدی: Behavioral Operations Management (BOM), Newsvendor Problem (NVP), Inventory Control, Experimental study
صفحه اختصاصی مقاله و دریافت فایل کامل: https://civilica.com/doc/648763/