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Risk Aversion in Inventory Management

Citations

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Cited by:

  1. Jianhu Cai & Lishuang Jia & Qing Zhou & Danmei Yao, 2024. "E-commerce supply chain inventory decisions and contract design considering sales effort and risk aversion," Electronic Commerce Research, Springer, vol. 24(3), pages 1847-1888, September.
  2. Jiahua Zhang & Shu-Cherng Fang & Yifan Xu, 2018. "Inventory centralization with risk-averse newsvendors," Annals of Operations Research, Springer, vol. 268(1), pages 215-237, September.
  3. Sarkar, P. & Wahab, M.I.M. & Fang, L., 2023. "Weather rebate contracts for different risk attitudes of supply chain members," European Journal of Operational Research, Elsevier, vol. 311(1), pages 139-153.
  4. Wu, Meng & Zhu, Stuart X. & Teunter, Ruud H., 2014. "A risk-averse competitive newsvendor problem under the CVaR criterion," International Journal of Production Economics, Elsevier, vol. 156(C), pages 13-23.
  5. Jian Ni & Lap Keung Chu & Shoude Li, 2018. "Financial hedging and competitive strategy for value-maximizing firms under quantity competition," Annals of Operations Research, Springer, vol. 264(1), pages 391-407, May.
  6. Borgonovo, E. & Peccati, L., 2011. "Finite change comparative statics for risk-coherent inventories," International Journal of Production Economics, Elsevier, vol. 131(1), pages 52-62, May.
  7. Kim, Kyoung-Kuk & Park, Kun Soo, 2014. "Transferring and sharing exchange-rate risk in a risk-averse supply chain of a multinational firm," European Journal of Operational Research, Elsevier, vol. 237(2), pages 634-648.
  8. Chan, Chi Kin & Lee, Y.C.E. & Campbell, J.F., 2013. "Environmental performance—Impacts of vendor–buyer coordination," International Journal of Production Economics, Elsevier, vol. 145(2), pages 683-695.
  9. Lucy Gongtao Chen & Daniel Zhuoyu Long & Melvyn Sim, 2015. "On Dynamic Decision Making to Meet Consumption Targets," Operations Research, INFORMS, vol. 63(5), pages 1117-1130, October.
  10. Liao Wang & David D. Yao, 2017. "Production with Risk Hedging—Optimal Policy and Efficient Frontier," Operations Research, INFORMS, vol. 65(4), pages 1095-1113, August.
  11. Silbermayr, Lena & Minner, Stefan, 2016. "Dual sourcing under disruption risk and cost improvement through learning," European Journal of Operational Research, Elsevier, vol. 250(1), pages 226-238.
  12. Juzhi Zhang & Suresh P. Sethi & Tsan‐Ming Choi & T. C. E. Cheng, 2020. "Supply Chains Involving a Mean‐Variance‐Skewness‐Kurtosis Newsvendor: Analysis and Coordination," Production and Operations Management, Production and Operations Management Society, vol. 29(6), pages 1397-1430, June.
  13. Serrano, Breno & Minner, Stefan & Schiffer, Maximilian & Vidal, Thibaut, 2024. "Bilevel optimization for feature selection in the data-driven newsvendor problem," European Journal of Operational Research, Elsevier, vol. 315(2), pages 703-714.
  14. Tyrone T. Lin & Shu-Yen Hsu, 2018. "Risk Management for the Optimal Order Quantity by Risk-Averse Suppliers of Food Raw Materials," IJFS, MDPI, vol. 6(4), pages 1-17, December.
  15. Shifeng Han & Xingzhong Xu, 2018. "NEV supply chain coordination and sustainability considering sales effort and risk aversion under the CVaR criterion," PLOS ONE, Public Library of Science, vol. 13(6), pages 1-39, June.
  16. Lijian Lu & Xiaoming Yan, 2016. "Capacity investment decisions under risk aversion," Naval Research Logistics (NRL), John Wiley & Sons, vol. 63(3), pages 218-235, April.
  17. Xing, Wei & Liu, Liming & Wang, Shouyang, 2014. "More than a second channel? Supply chain strategies in B2B spot markets," European Journal of Operational Research, Elsevier, vol. 239(3), pages 699-710.
  18. Nan Yang & Renyu Zhang, 2022. "Dynamic pricing and inventory management in the presence of online reviews," Production and Operations Management, Production and Operations Management Society, vol. 31(8), pages 3180-3197, August.
  19. Ni, Jian & Chu, Lap Keung & Li, Qiang, 2017. "Capacity decisions with debt financing: The effects of agency problem," European Journal of Operational Research, Elsevier, vol. 261(3), pages 1158-1169.
  20. Felix T. S. Chan & Xinsheng Xu, 2019. "The Loss-Averse Retailer’s Order Decisions Under Risk Management," Mathematics, MDPI, vol. 7(7), pages 1-16, July.
  21. Li, Shanling & Wang, Letian, 2010. "Outsourcing and capacity planning in an uncertain global environment," European Journal of Operational Research, Elsevier, vol. 207(1), pages 131-141, November.
  22. Ni, Jian & Chu, Lap Keung & Wu, Feng & Sculli, Domenic & Shi, Yuan, 2012. "A multi-stage financial hedging approach for the procurement of manufacturing materials," European Journal of Operational Research, Elsevier, vol. 221(2), pages 424-431.
  23. Panos Kouvelis & Guang Xiao & Nan Yang, 2021. "Role of Risk Aversion in Price Postponement Under Supply Random Yield," Management Science, INFORMS, vol. 67(8), pages 4826-4844, August.
  24. Mayadunne, Sanjaya & Park, Sungjune, 2016. "An economic model to evaluate information security investment of risk-taking small and medium enterprises," International Journal of Production Economics, Elsevier, vol. 182(C), pages 519-530.
  25. Xin, Linwei & Goldberg, David A., 2021. "Time (in)consistency of multistage distributionally robust inventory models with moment constraints," European Journal of Operational Research, Elsevier, vol. 289(3), pages 1127-1141.
  26. Liu, Weihua & Wang, Yijia, 2015. "Quality control game model in logistics service supply chain based on different combinations of risk attitude," International Journal of Production Economics, Elsevier, vol. 161(C), pages 181-191.
  27. Mahapatra, Santosh & Levental, Shlomo & Narasimhan, Ram, 2017. "Market price uncertainty, risk aversion and procurement: Combining contracts and open market sourcing alternatives," International Journal of Production Economics, Elsevier, vol. 185(C), pages 34-51.
  28. Liao Wang & Jin Yao & Xiaowei Zhang, 2022. "How Does Risk Hedging Impact Operations? Insights from a Price-Setting Newsvendor Model," Papers 2201.01026, arXiv.org, revised Jun 2023.
  29. Elsayed, Khaled & Wahba, Hayam, 2013. "Reinvestigating the relationship between ownership structure and inventory management: A corporate governanceperspective," International Journal of Production Economics, Elsevier, vol. 143(1), pages 207-218.
  30. Panos Kouvelis & Rong Li & Qing Ding, 2013. "Managing Storable Commodity Risks: The Role of Inventory and Financial Hedge," Manufacturing & Service Operations Management, INFORMS, vol. 15(3), pages 507-521, July.
  31. Vincent Tsz Fai Chow & Zheng Cui & Daniel Zhuoyu Long, 2022. "Target-Oriented Distributionally Robust Optimization and Its Applications to Surgery Allocation," INFORMS Journal on Computing, INFORMS, vol. 34(4), pages 2058-2072, July.
  32. Yuemeng Sun & Johannes Wissel & Peter Jackson, 2016. "Separation results for multi-product inventory hedging problems," Annals of Operations Research, Springer, vol. 237(1), pages 143-159, February.
  33. Bardia Kamrad & Akhtar Siddique & Ricardo Ernst, 2012. "Partial equilibrium in risk‐based production decisions," Naval Research Logistics (NRL), John Wiley & Sons, vol. 59(1), pages 1-17, February.
  34. Liao Wang & David D. Yao, 2021. "Risk Hedging for Production Planning," Production and Operations Management, Production and Operations Management Society, vol. 30(6), pages 1825-1837, June.
  35. Wang, Daao & Dimitrov, Stanko & Jian, Lirong, 2020. "Optimal inventory decisions for a risk-averse retailer when offering layaway," European Journal of Operational Research, Elsevier, vol. 284(1), pages 108-120.
  36. Wen Chen & Burcu Tan, 2022. "Dynamic procurement from multiple suppliers with random capacities," Annals of Operations Research, Springer, vol. 317(2), pages 509-536, October.
  37. Choi, Sungyong & Ruszczynski, Andrzej, 2011. "A multi-product risk-averse newsvendor with exponential utility function," European Journal of Operational Research, Elsevier, vol. 214(1), pages 78-84, October.
  38. H Xiong & J Xie & X Deng, 2011. "Risk-averse decision making in overbooking problem," Journal of the Operational Research Society, Palgrave Macmillan;The OR Society, vol. 62(9), pages 1655-1665, September.
  39. David J Johnstone, 2023. "Capital budgeting and Kelly betting," Australian Journal of Management, Australian School of Business, vol. 48(3), pages 625-651, August.
  40. Kan Huang & David Simchi-Levi & Miao Song, 2012. "Optimal Market-Making with Risk Aversion," Operations Research, INFORMS, vol. 60(3), pages 541-565, June.
  41. Liu Shuren & Tang Pei, 2014. "The Stochastic Cash Balance Problem with Fixed Costs: The Risk-averse Case," Journal of Systems Science and Information, De Gruyter, vol. 2(6), pages 520-531, December.
  42. Canyakmaz, Caner & Özekici, Süleyman & Karaesmen, Fikri, 2019. "An inventory model where customer demand is dependent on a stochastic price process," International Journal of Production Economics, Elsevier, vol. 212(C), pages 139-152.
  43. Wu, Meng & Zhu, Stuart X. & Teunter, Ruud H., 2013. "The risk-averse newsvendor problem with random capacity," European Journal of Operational Research, Elsevier, vol. 231(2), pages 328-336.
  44. Ma, Lijun & Zhao, Yingxue & Xue, Weili & Cheng, T.C.E. & Yan, Houmin, 2012. "Loss-averse newsvendor model with two ordering opportunities and market information updating," International Journal of Production Economics, Elsevier, vol. 140(2), pages 912-921.
  45. Wen, Xin & Siqin, Tana, 2020. "How do product quality uncertainties affect the sharing economy platforms with risk considerations? A mean-variance analysis," International Journal of Production Economics, Elsevier, vol. 224(C).
  46. Schosser, Josef, 2019. "Consistency between principal and agent with differing time horizons: Computing incentives under risk," European Journal of Operational Research, Elsevier, vol. 277(3), pages 1113-1123.
  47. Canyakmaz, Caner & Özekici, Süleyman & Karaesmen, Fikri, 2024. "Risk management through financial hedging in inventory systems with stochastic price processes," International Journal of Production Economics, Elsevier, vol. 270(C).
  48. Qiu, Ruozhen & Shang, Jennifer & Huang, Xiaoyuan, 2014. "Robust inventory decision under distribution uncertainty: A CVaR-based optimization approach," International Journal of Production Economics, Elsevier, vol. 153(C), pages 13-23.
  49. Zhao, Lima & Huchzermeier, Arnd, 2017. "Integrated operational and financial hedging with capacity reshoring," European Journal of Operational Research, Elsevier, vol. 260(2), pages 557-570.
  50. Barrow, Devon K. & Kourentzes, Nikolaos, 2016. "Distributions of forecasting errors of forecast combinations: Implications for inventory management," International Journal of Production Economics, Elsevier, vol. 177(C), pages 24-33.
  51. Xue, Weili & Ma, Lijun & Shen, Houcai, 2015. "Optimal inventory and hedging decisions with CVaR consideration," International Journal of Production Economics, Elsevier, vol. 162(C), pages 70-82.
  52. Xin-Sheng Xu & Felix T. S. Chan, 2019. "Optimal Option Purchasing Decisions for the Risk-Averse Retailer with Shortage Cost," Asia-Pacific Journal of Operational Research (APJOR), World Scientific Publishing Co. Pte. Ltd., vol. 36(02), pages 1-25, April.
  53. Sovan Mitra & Andreas Karathanasopoulos, 2019. "Firm Value and the Impact of Operational Management," Asia-Pacific Financial Markets, Springer;Japanese Association of Financial Economics and Engineering, vol. 26(1), pages 61-85, March.
  54. Xing, Wei & Wang, Shouyang & Liu, Liming, 2012. "Optimal ordering and pricing strategies in the presence of a B2B spot market," European Journal of Operational Research, Elsevier, vol. 221(1), pages 87-98.
  55. Volodymyr Babich & Panos Kouvelis, 2018. "Introduction to the Special Issue on Research at the Interface of Finance, Operations, and Risk Management (iFORM): Recent Contributions and Future Directions," Manufacturing & Service Operations Management, INFORMS, vol. 20(1), pages 1-18, February.
  56. Qiaoming Han & Donglei Du & Luis F. Zuluaga, 2014. "Technical Note---A Risk- and Ambiguity-Averse Extension of the Max-Min Newsvendor Order Formula," Operations Research, INFORMS, vol. 62(3), pages 535-542, June.
  57. Sayın, F. & Karaesmen, F. & Özekici, S., 2014. "Newsvendor model with random supply and financial hedging: Utility-based approach," International Journal of Production Economics, Elsevier, vol. 154(C), pages 178-189.
  58. Li, Xiang & Qi, Xiangtong & Li, Yongjian, 2021. "On sales effort and pricing decisions under alternative risk criteria," European Journal of Operational Research, Elsevier, vol. 293(2), pages 603-614.
  59. Ray, Pritee & Jenamani, Mamata, 2016. "Mean-variance analysis of sourcing decision under disruption risk," European Journal of Operational Research, Elsevier, vol. 250(2), pages 679-689.
  60. Sungyong Choi & Andrzej Ruszczyński & Yao Zhao, 2011. "A Multiproduct Risk-Averse Newsvendor with Law-Invariant Coherent Measures of Risk," Operations Research, INFORMS, vol. 59(2), pages 346-364, April.
  61. James E. Smith & Canan Ulu, 2017. "Risk Aversion, Information Acquisition, and Technology Adoption," Operations Research, INFORMS, vol. 65(4), pages 1011-1028, August.
  62. Jiri Chod & Nils Rudi & Jan A. Van Mieghem, 2010. "Operational Flexibility and Financial Hedging: Complements or Substitutes?," Management Science, INFORMS, vol. 56(6), pages 1030-1045, June.
  63. Raza, Syed Asif & Rathinam, Sivakumar, 2017. "A risk tolerance analysis for a joint price differentiation and inventory decisions problem with demand leakage effect," International Journal of Production Economics, Elsevier, vol. 183(PA), pages 129-145.
  64. Özler, Aysun & Tan, BarIs & Karaesmen, Fikri, 2009. "Multi-product newsvendor problem with value-at-risk considerations," International Journal of Production Economics, Elsevier, vol. 117(2), pages 244-255, February.
  65. Peter Berling & Victor Martínez-de-Albéniz, 2011. "Optimal Inventory Policies when Purchase Price and Demand Are Stochastic," Operations Research, INFORMS, vol. 59(1), pages 109-124, February.
  66. Sen Lin & Bo Li & Antonio Arreola-Risa & Yiwei Huang, 2023. "Optimizing a single-product production-inventory system under constant absolute risk aversion," TOP: An Official Journal of the Spanish Society of Statistics and Operations Research, Springer;Sociedad de Estadística e Investigación Operativa, vol. 31(3), pages 510-537, October.
  67. Xiaoling Zhang & Ke Zhang & Shibo Li & Damien Koenitz, 2023. "Effects of store fixture shape at retail checkout: Evidence from field and online studies," Production and Operations Management, Production and Operations Management Society, vol. 32(10), pages 3158-3173, October.
  68. Chung‐Yee Lee & Xi Li & Mingzhu Yu, 2015. "The loss‐averse newsvendor problem with supply options," Naval Research Logistics (NRL), John Wiley & Sons, vol. 62(1), pages 46-59, February.
  69. Oliveira, Sydnei Marssal de & Ribeiro, Celma de Oliveira & Cicogna, Maria Paula Vieira, 2018. "Uncertainty effects on production mix and on hedging decisions: The case of Brazilian ethanol and sugar," Energy Economics, Elsevier, vol. 70(C), pages 516-524.
  70. Jingtang Ma & Shan Yang, 2024. "High-dimensional stochastic control models for newsvendor problems and deep learning resolution," Annals of Operations Research, Springer, vol. 339(1), pages 789-811, August.
  71. Wu, Meng & Zhu, Stuart X. & Teunter, Ruud H., 2013. "Newsvendor problem with random shortage cost under a risk criterion," International Journal of Production Economics, Elsevier, vol. 145(2), pages 790-798.
  72. Tsan-Ming Choi, 2018. "Impacts of retailer’s risk averse behaviors on quick response fashion supply chain systems," Annals of Operations Research, Springer, vol. 268(1), pages 239-257, September.
  73. Choi, Tsan-Ming & Wen, Xin & Sun, Xuting & Chung, Sai-Ho, 2019. "The mean-variance approach for global supply chain risk analysis with air logistics in the blockchain technology era," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 127(C), pages 178-191.
  74. Li, Bo & An, Si-min & Song, Dong-ping, 2018. "Selection of financing strategies with a risk-averse supplier in a capital-constrained supply chain," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 118(C), pages 163-183.
  75. Yuemeng Sun & Johannes Wissel & Peter L. Jackson, 2016. "Separation results for multi-product inventory hedging problems," Annals of Operations Research, Springer, vol. 237(1), pages 143-159, February.
  76. Chen, Jianxin & Hou, Rui & Zhang, Tonghua & Zhou, Yongwu, 2024. "Newsvendor model for a dyadic supply chain with push-pull strategy under shareholding and risk aversion," Mathematics and Computers in Simulation (MATCOM), Elsevier, vol. 221(C), pages 645-662.
  77. Giri, B.C., 2011. "Managing inventory with two suppliers under yield uncertainty and risk aversion," International Journal of Production Economics, Elsevier, vol. 133(1), pages 80-85, September.
  78. Chaolin Yang & Zhenyu Hu & Sean X. Zhou, 2021. "Multilocation Newsvendor Problem: Centralization and Inventory Pooling," Management Science, INFORMS, vol. 67(1), pages 185-200, January.
  79. Youhua (Frank) Chen & Minghui Xu & Zhe George Zhang, 2009. "Technical Note---A Risk-Averse Newsvendor Model Under the CVaR Criterion," Operations Research, INFORMS, vol. 57(4), pages 1040-1044, August.
  80. Chun-Hung Chiu & Tsan-Ming Choi, 2016. "Supply chain risk analysis with mean-variance models: a technical review," Annals of Operations Research, Springer, vol. 240(2), pages 489-507, May.
  81. Josef Schosser & Markus Grottke, 2013. "Nutzengestützte Unternehmensbewertung: Ein Abriss der jüngeren Literatur," Schmalenbach Journal of Business Research, Springer, vol. 65(4), pages 306-341, June.
  82. Alavi Fard, Farzad & He, Jian & Ivanov, Dmitry & Jie, Ferry, 2019. "A utility adjusted newsvendor model with stochastic demand," International Journal of Production Economics, Elsevier, vol. 211(C), pages 154-165.
  83. Y Shi & F Wu & L K Chu & D Sculli & Y H Xu, 2011. "A portfolio approach to managing procurement risk using multi-stage stochastic programming," Journal of the Operational Research Society, Palgrave Macmillan;The OR Society, vol. 62(11), pages 1958-1970, November.
  84. Rainer Schlosser, 2016. "Stochastic dynamic multi-product pricing with dynamic advertising and adoption effects," Journal of Revenue and Pricing Management, Palgrave Macmillan, vol. 15(2), pages 153-169, April.
  85. Diwakar Gupta & Mili Mehrotra & Xiaoxu Tang, 2021. "Gainsharing Contracts for CMS’ Episode‐Based Payment Models," Production and Operations Management, Production and Operations Management Society, vol. 30(5), pages 1290-1312, May.
  86. Zhao, Lima & Huchzermeier, Arnd, 2015. "Operations–finance interface models: A literature review and framework," European Journal of Operational Research, Elsevier, vol. 244(3), pages 905-917.
  87. Wei Xing & Shanshan Ma & Xuan Zhao & Liming Liu, 2022. "Operational hedging or financial hedging? Strategic risk management in commodity procurement," Production and Operations Management, Production and Operations Management Society, vol. 31(8), pages 3233-3263, August.
  88. Choi, Tsan-Ming, 2018. "Launching the right new product among multiple product candidates in fashion: Optimal choice and coordination with risk consideration," International Journal of Production Economics, Elsevier, vol. 202(C), pages 162-171.
  89. He, Xiuli & Sethi, Suresh & Xu, Xun & Yan, Nina, 2024. "Financing a capital-constrained supply chain: Equity or debt," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 188(C).
  90. Poormoaied, Saeed & Atan, Zümbül, 2020. "A multi-attribute utility theory approach to ordering policy for perishable items," International Journal of Production Economics, Elsevier, vol. 225(C).
  91. Shen, Houcai & Pang, Zhan & Cheng, T.C.E., 2011. "The component procurement problem for the loss-averse manufacturer with spot purchase," International Journal of Production Economics, Elsevier, vol. 132(1), pages 146-153, July.
  92. Cui, Qinquan & Chiu, Chun-Hung & Dai, Xin & Li, Zhongfei, 2016. "Store brand introduction in a two-echelon logistics system with a risk-averse retailer," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 90(C), pages 69-89.
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