A comparative study to find the optimal ordering quantity of the risk-neutral and risk-averse newsvendor
In the classical newsvendor problem, it is considered that the newsvendor is risk-neutral and the Optimal Ordering Quantity (OOQ) was found which maximizes the newsvendor expected profit. In the real world, different investors have different attitudes towards risk. Accordingly, this paper considers...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
University of Belgrade
2023-01-01
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| Series: | Yugoslav Journal of Operations Research |
| Subjects: | |
| Online Access: | https://doiserbia.nb.rs/img/doi/0354-0243/2023/0354-02432300015M.pdf |