Impact of Uncertainty and Risk Aversion on Price and Order Quantity in the Newsvendor Problem

By Vipul Agrawal, Sridhar Seshadri. Manufacturing & Service Operations Management, 2000

474 citations recorded by the source corpus.

Subfields: Management Information Systems, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/b0c6d9ab8ba698e1afcd1462a9c1dcdd19ba0fef

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In Management Information Systems

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Citations in the corpus

Impacts of Power Structure on Supply Chains with Uncertain Demand (2013, methodology): “…and Dada 1999, and references therein), there have been no empirical studies relating speciﬁc shock models with different products; however, Agrawal and Seshadri (2000) argue that the demand shock for branded products may be modeled as additive, while the demand shock for high-fashion or…”
The Loss-Averse Newsvendor Problem (2009, background): “Agrawal and Seshadri [23] investigate a risk-averse and pricesetting newsvendor problem.”
Dual-channel supply chain pricing decisions with a risk-averse retailer (2014, background): “For example, Vipul and Sridhar (2000) considered a risk-averse retailer confronting uncertain customer demand in a single-period inventory model, and the risk-averse retailer made decisions on the purchasing order quantity and selling price based on expected utility.”
Technical Note - A Risk-Averse Newsvendor Model Under the CVaR Criterion (2009, methodology): “To our best knowledge, there are no studies that address the joint inventory and pricing decision of a risk-averse newsvendor except Agrawal and Seshadri (2000; A&S hereafter) and Chen et al. (2007). Whereas A&S model risk aversion with the general utility function, we do so with the CVaR criterion ”
Coordination of Supply Chains with Risk‐Averse Agents (2004, background): “These include Lau (1980), Bouakiz and Sobel (1992), Eeckhoudt, Gollier, and Schlesinger (1995), Chen and Federgruen (2000), Agrawal and Seshadri (2000a), Buzacott, Yan, and Zhang (2001), Chen, Sim, Simchi-Levi, and Sun (2003), and Gaur and Seshadri (2003). There also have been a few studies of suppl”
On the Value of Mitigation and Contingency Strategies for Managing Supply Chain Disruption Risks (2006, background): “(1995), Agrawal and Seshadri (2000), Schweitzer and Cachon (2000), and Caldentey and Haugh (2004). Sourcing strategies are likely to be strongly influenced by the firm’s attitudes toward risk, and so we consider both risk-neutral and riskaverse decision making in this paper.”
On the Value of Mix Flexibility and Dual Sourcing in Unreliable Newsvendor Networks (2005, background): “, Fine and Freund 1990) is a single-period, N product, uncertaindemand model in which a risk-neutral firm can invest in N dedicated resources and one totally flexible resource. Investment costs are linear and there are no fixed costs. Gupta et al. (1992), Li and Tirupati (1994, 1995, 1997), and Van ”
Supply Chains Involving a Mean‐Variance‐Skewness‐Kurtosis Newsvendor: Analysis and Coordination (2020, unknown): “Agrawal and Seshadri (2000) examined the risk-averse newsvendor’s optimal price and inventory decisions.”
Channel Coordination with a Risk‐Neutral Supplier and a Downside‐Risk‐Averse Retailer (2005, methodology): “Agrawal and Seshadri (2000b) consider a single-period model in which multiple risk-averse retailers purchase a single product from a common vendor.”
Risk Aversion in Inventory Management (2007, background): “A rare exception is Agrawal and Seshadri (2000), who consider a risk-averse retailer which has to decide on its ordering quantity and selling price for a single period. They demonstrate that different assumptions on the demand-price function may lead to different properties of the selling price. Rec”