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The Single-Period Inventory Model with Spectral Risk Measures

By: Johannes Fichtinger (Author)

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Format: Hardback or Cased Book

ISBN-13: 9783631615737

Publisher: Peter Lang AG

Publication Date: Nov 25th, 2011

Weight: 280 grams

Dimension: 21.90 x 15.40 x 1.30 cms

Category: Purchasing & supply management

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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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