Please use this identifier to cite or link to this item: http://hdl.handle.net/10397/648
Title: Mean-variance analysis of the newsvendor model with stockout cost
Authors: Wu, J
Li, J
Wang, S
Cheng, TCE 
Keywords: Supply chain
Newsvendor problem
Mean-variance
Stockout cost
Issue Date: Jun-2009
Publisher: Pergamon Press
Source: Omega, June 2009, v. 37, no. 3, p. 724-730 How to cite?
Journal: Omega 
Abstract: We study the risk-averse newsvendor model with a mean-variance objective function. We show that stockout cost has a significant impact on the newsvendor's optimal ordering decisions. In particular, with stockout cost, the risk-averse newsvendor does not necessarily order less than the risk-neutral newsvendor. We illustrate this finding analytically for the case where the demand follows the power distribution.
Description: Note: Pre-published version entitled: A Note on Mean-variance Analysis of the Newsvendor Model with Stockout Cost.
URI: http://hdl.handle.net/10397/648
ISSN: 0305-0483
EISSN: 1873-5274
DOI: 10.1016/j.omega.2008.02.005
Rights: Omega © 2008 Elsevier Ltd. The journal web site is located at http://www.sciencedirect.com.
Appears in Collections:Journal/Magazine Article

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