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

References

  • Arkes H. R. The psychology of waste. J. Behavioral Decision Making (1996) 9:213–224CrossrefGoogle Scholar
  • Bell D. Regret in decision making under uncertainty. Oper. Res. (1982) 30:961–981LinkGoogle Scholar
  • Bell D. Disappointment in decision making under uncertainty. Oper. Res. (1985) 33:1–27LinkGoogle Scholar
  • Beaty S. Some Burger Kings fall short of free toy. Wall Street Journal (1996) November 25):B1Google Scholar
  • Cachon G., Schweitzer M.Inventory forecasting and decision making with an unknown demand distribution (1998) . Working Paper, The Wharton School, University of Pennsylvania, Philadelphia, PAGoogle Scholar
  • Carlson J., O'Keefe T. Buffer stocks and reaction coefficients: An experiment with decision making under risk. Rev. Econ. Stud. (1969) 36:467–484CrossrefGoogle Scholar
  • Carmon Z., Shanthikumar J., Carmon T. A psychological perspective on service segmentation models: The significance of accounting for consumers' perceptions of waiting and service. Management Sci. (1995) 41:1806–1815LinkGoogle Scholar
  • Croson R., Donohue K.Institutional factors in supply chain management: An experimental study on reducing the bullwhip effect (1998) . Working Paper, The Wharton School, University of Pennsylvania, Philadelphia, PAGoogle Scholar
  • Diehl E., Sterman J. Effects of feedback complexity on dynamic decision making. Organ. Behavior and Human Decision Processes. (1995) 62:198–215CrossrefGoogle Scholar
  • Eeckhoudt L., Gollier C., Schlesinger H. The risk-averse (and prudent) newsboy. Management Sci. (1995) 41:786–794LinkGoogle Scholar
  • Eeckhoudt L. Increases in risk and deductible insurance. J. Econom. Theory. (1991) 55:435–440CrossrefGoogle Scholar
  • Fischhoff B., Kahneman D., Slovic P., Tversky A. For those condemned to study the past: Reflections on historical judgment. Judgment under Uncertainty: Heuristics and Biases (1982) (Cambridge University Press, New York) 335–351CrossrefGoogle Scholar
  • Fisher M., Raman A. Reducing the cost of demand uncertainty through accurate response to early sales. Oper. Res. (1996) 44:87–99LinkGoogle Scholar
  • Friedman D. Monte Hall's three doors: Construction and deconstruction of choice anomaly. Amer. Econom. Rev. (1998) 88:933–946Google Scholar
  • Hammer M. Reengineering work: Don't automate, obliterate. Harvard Bus. Rev. (1990) 68(4):104–112Google Scholar
  • Hershey J. C., Baron J. Judgment by outcomes: When is it justified? Organizational Behavior and Human Decision Processes (1992) 53:89–93CrossrefGoogle Scholar
  • Kahneman D., Tversky A. Prospect theory: An analysis of decision under risk. Econometrica (1979) 47:263–291CrossrefGoogle Scholar
  • Kahneman D., Slovic P., Tversky A.Judgment under Uncertainty: Heuristics and Biases (1982) (Cambridge University Press, New York) CrossrefGoogle Scholar
  • Rosenfield D. Optimal management of tax-sheltered employee reimbursement programs. Interfaces (1986) 16:68–72LinkGoogle Scholar
  • Schleifer A.L.L. Bean Inc: Item forecasting and inventory management (1993) (Cambridge, MA). Harvard Business School Case 9-893-003Google Scholar
  • Schultz K., Juran D., Boudreau J., McClain J., Thomas L. J. Modeling and worker motivation in JIT production systems. Management Sci. (1998) 44:1595–1607LinkGoogle Scholar
  • Sterman J. Modeling managerial behavior: Misperception of feedback in a dynamic decision making experiment. Management Sci. (1989) 35:321–339LinkGoogle Scholar
  • Ziegler B. IBM sells out new Aptiva pc; Shortage may cost millions in potential revenue. Wall Street Journal (1994) October 7):B4Google Scholar
  • Ziegler B. IBM's O'Malley resigns post at pc division. Wall Street Journal (1995) February 7):B4Google Scholar
INFORMS site uses cookies to store information on your computer. Some are essential to make our site work; Others help us improve the user experience. By using this site, you consent to the placement of these cookies. Please read our Privacy Statement to learn more.