Decision Bias in the Newsvendor Problem with a Known Demand Distribution: Experimental Evidence.: Experimental Evidence.

By Maurice E. Schweitzer, Gérard P. Cachon. 2000

1,055 citations recorded by the source corpus.

Subfields: General Decision Sciences, Management Information Systems, Management Science and Operations Research

View Paper: https://www.semanticscholar.org/paper/645578f9341cd5d32c787deaed701d85155e9f18

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In General Decision Sciences

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Citations in the corpus

Learning by Doing in the Newsvendor Problem: A Laboratory Investigation of the Role of Experience and Feedback (2008, methodology): “(Schweitzer and Cachon (2000) also observe somewhat better performance in their high safety stock condition.8)”
Optimal electric vehicle production strategy under subsidy and battery recycling (2017, methodology): “Although the loss aversion behaviour has been observed decades ago, this concept has not been frequently considered in inventory models until recently (Ho et al., 2010; Hu et al., 2016; Liu et al., 2015; Schweitzer and Cachon, 2000; Wang and 580”
Multi-product newsvendor problem with value-at-risk considerations (2009, methodology): “Schweitzer and Cachon (2000) investigate the decision bias in the newsvendor problem with a known demand distribution.”
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).”
The Impact of Information Sharing on Supply Chain Performance under Asymmetric Information (2013, background): “The seminal behavioral study in a supply chain contracting context stems from Schweitzer and Cachon (2000), who investigate individual ordering behavior in the news vendor context under a simple wholesale-price contract.”
Individual differences in the newsvendor problem: Behavior and cognitive reflection (2013, background): “Even when the distribution of demand is known, average ordering behavior is somewhat consistent with heuristics such as anchoring on the mean, while prior evidence for consistent demand chasing is weak or non-significant (Schweitzer and Cachon, 2000).”
The Loss-Averse Newsvendor Problem (2009, background): “For example, Schweizer and Cachon [5] conduct a series of experiments that require subjects to solve newsvendor problems.”
Risk Aversion in Inventory Management (2007, background): “We refer readers to Smith and Nau (1995) for the detailed description of such an optimal trading strategy.”
Is timely information always better? The effect of feedback frequency on decision making ☆ (2009, methodology): “Participants were told that their goal was to maximize profits in francs (see Schweitzer & Cachon (2000) , for a similar procedure).”
Behavioral Causes of the Bullwhip Effect and the Observed Value of Inventory Information (2006, result): “This seemingly " irrational " behavior is in line with previous behavioral research (e.g., Kahneman and Lovallo 1993, Schotter and Weigelt 1992, Schweitzer and Cachon 2000), which shows that individuals often exhibit some form of decision bias in business settings .”
Behavior in operations management: Assessing recent findings and revisiting old assumptions (2006, background): “Sengupta and Abdel-Hamid (1993) examine this question in the context of a set of simulated software development projects.”