The single-period inventory model with spectral risk measures
Inventory management and pricing decisions based on quantitative models both in industrial practice and academic works often rely on minimizing expected cost, which refers to the concept of risk-neutrality of the decision maker. In this title, spectral risk measures are applied to price-setting news...
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| Format: | eBook |
| Language: | English |
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Frankfurt am Main
Peter Lang
[2011], 2011
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| Series: | Forschungsergebnisse der Wirtschaftsuniversität Wien
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| Collection: | JSTOR Open Access Books - Collection details see MPG.ReNa |
| Summary: | Inventory management and pricing decisions based on quantitative models both in industrial practice and academic works often rely on minimizing expected cost, which refers to the concept of risk-neutrality of the decision maker. In this title, spectral risk measures are applied to price-setting newsvendor problem and optimal policies are derived |
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| Physical Description: | viii, 124 pages illustrations |
| ISBN: | 9783631615737 3631615736 |