Please use this identifier to cite or link to this item: http://hdl.handle.net/10397/22054
Title: Mean-downside-risk and mean-variance newsvendor models : implications for sustainable fashion retailing
Authors: Choi, TM 
Chiu, CH
Keywords: Fashion supply chain management
Mean-downside risk analysis
Mean-variance analysis
Newsvendor problem
Issue Date: 2012
Publisher: Elsevier
Source: International journal of production economics, 2012, v. 135, no. 2, p. 552-560 How to cite?
Journal: International journal of production economics 
Abstract: Newsvendor models have been well-established for studying supply chain management problems with fashionable products. In this paper, we explore the mean-downside-risk (MDR) and mean-variance (MV) newsvendor models under both the exogenous and endogenous retail price decision cases. We first construct analytical models with the MDR and MV objectives. We then show that the analytical solution schemes for both the MDR and MV problems are the same. With the measures for sustainability such as the expected quantity of goods leftover, the expected sales to expected goods leftover ratio, the rate of return on investment, and the probability of achieving a pre-determined profit target, we proceed to compare the levels of sustainability by the fashion retailers which employ the mean-risk and the risk neutral models. Insights are generated.
URI: http://hdl.handle.net/10397/22054
ISSN: 0925-5273
DOI: 10.1016/j.ijpe.2010.10.004
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