The Distributionally Robust Inventory Strategy of the Overconfident Retailer under Supply Uncertainty
To factor in the retailer’s overconfidence when dealing with the inventory problem with supply uncertainty, this paper develops a distributionally robust optimization model by only considering the mean and variance of the yield rate distribution. We first show that overconfidence would prompt the re...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
MDPI AG
2023-06-01
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| Series: | Systems |
| Subjects: | |
| Online Access: | https://www.mdpi.com/2079-8954/11/7/333 |