Bounded Rationality in Newsvendor Models

By Xuanming Su. Manufacturing & Service Operations Management, 2008

405 citations recorded by the source corpus.

Subfields: Management Information Systems, Management Science and Operations Research, Marketing

View Paper: https://www.semanticscholar.org/paper/18fa6dd5d11299f0269ccafe7cfd7a736959b8a6

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Citations in the corpus

Newsvendor model for a dyadic supply chain with Nash bargaining fairness concerns (2014, background): “The existing behavioral studies show that people pay much attention on fairness in their daily life, which is so-called fairness concerns [8, 23].”
Trust in Forecast Information Sharing (2011, background): “Another group considers the newsvendor problem and elicits the difference between the behavior of a single decision maker and the theoretical prediction (e.g., Schweitzer and Cachon 2000, Bolton and Katok 2008, Su 2008).”
Wholesale Pricing under Mild and Privately Known Concerns for Fairness (2014, background): “Thus, rejections can be due either to errors (or bounded rationality, see Su 2008) 1 or to incomplete information about inequality aversion preferences.”
Fairness in supply chain contracts: A laboratory study (2013, methodology): “This hypothesis follows the model in Su (2008). Options that result in higher utility are more likely to be chosen than options that result in lower utility, but are generally not chosen with certainty.”
Customer Behavior Modeling in Revenue Management and Auctions: A Review and New Research Opportunities (2007, neutral): “We shall collectively refer to this set of behavioral phenomena as bounded rationality; please refer to the literature review of Su (2007b) for a more comprehensive treatment.”
Distributional and Peer‐Induced Fairness in Supply Chain Contract Design (2013, background): “Decision biases, such as reference dependence and loss aversion (Kahneman and Tversky 1979), have been extensively studied in the context of supply chain contracting (e.g., Ho and Zhang 2008, Ho et al. 2010, Kalkanci et al. 2011, Katok and Wu 2009, Lim and Ho 2007, Su 2008).”
Consumer Returns Policies and Supply Chain Performance (2009, positive): “Here, we model consumer bounded rationality in the following way (see Su, 2008, for another application of bounded rationality in a newsvendor context).”
Supply chain risk analysis with mean-variance models: a technical review (2016, background): “For example, in an influential paper by Su (2008), the newsvendor based supply chain analytical models with a boundedly rational decision maker is studied.”
Individual differences in the newsvendor problem: Behavior and cognitive reflection (2013, background): “Subsequent work has tested different explanations for this average behavior (Kremer et al., 2010; Su, 2008) and examined how this behavior changes with experience and training (Bolton and Katok, 2008; Lurie and Swaminathan, 2009; Bolton et al., 2008).”