Kicking the "mean" habit: joint prepositioning in debiasing pull-to-center effects

Behavioral studies of the newsvendor model have revealed systematic underordering for low-cost products and overordering for high-cost products. This systematic deviation from optimal ordering is known as the pull-to-center effect. This chapter proposes a joint newsvendor framework or portfolio that...

Descripción completa

Detalles Bibliográficos
Autores Principales: Castañeda, Jaime A., Gonçalves, Paulo
Formato: Capítulo de libro (Book Chapter)
Lenguaje:Inglés (English)
Publicado: Oxford University Press 2015
Acceso en línea: