IEEE - Institute of Electrical and Electronics Engineers, Inc. - Impact of initial wealth on newsvendor problem with S-shaped utility

2009 IEEE International Conference on Industrial Engineering and Engineering Management (IEEM)

Author(s): Wei Geng ; Xiaobo Zhao
Publisher: IEEE - Institute of Electrical and Electronics Engineers, Inc.
Publication Date: 1 December 2009
Conference Location: Hong Kong, China, China
Conference Date: 8 December 2009
Page(s): 349 - 353
ISBN (CD): 978-1-4244-4870-8
ISBN (Paper): 978-1-4244-4869-2
DOI: 10.1109/IEEM.2009.5373339
Regular:

The bounded rationality of human behaviors in decision making can be characterized by an S-shaped utility function. We discuss a newsvendor problem with an S-shaped utility. It is shown that the... View More

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