In BOT road project, the government offers a firm an ex ante contract, which specifies toll price and concession period based on the forecasted demand. When the demand states are observed in the operation period, the government may request renegotiation to adapt the initial contract to the ...
newsvendor problemsimulationWe consider a firm selling two similar products with different prices. When the lower-priced product is out of stock, the firm ... J Zhu - 《International Journal of Information Technology & Decision Making》 被引量: 2发表: 2008年 加载更多来源...
Our results have profound implications not only for how best to characterize the market demand of behaviorally biased consumers but also for determining the firm's optimal pricing policy.doi:10.2139/ssrn.2828238Hu, ZhenyuNasiry, JavadSocial Science Electronic Publishing...
Thus, the firm that is cognizant of this property tailors its inventory stocking policy based on the consumers' loss-averse behavior such as their perceived values of gain and loss, and their sensitivity to them. We also demonstrate that the firm's equilibrium inventory stocking policy reflects ...
Motivated by the presence of loss-averse decision making behavior in practice, this article considers a supply chain consisting of a firm and strategic con... CH Lee,TM Choi,TCE Cheng - 《Naval Research Logistics》 被引量: 7发表: 2015年 Optimal pricing in mass customization supply chains with...
aWe study equilibrium firm-level stock returns in two economies: one in which in¬vestors are loss averse over the fluctuations of their stock portfolio, and another in which they are loss averse over the fluctuations of individual stocks that they own. Both approaches can shed light on empiri...
Our results suggest that behavioral regularities, such as peak-end anchoring and loss aversion, limit the benefits of varying prices, and caution that the adverse effects of deep discounts on the firm's optimal prices and profits might be more enduring than previous models predict. [ABSTRACT FROM...
Disenchantment is positively related to the difference between the price the firm sets and the customers' `reference price'. It is demonstrated that when customers are loss averse, the profit maximising price is rigid in the face of demand and cost shocks.Hugh...
PurposeWhen developing a new product, a buying firm solicits revenue sharing bids from two competing suppliers. Bidding behaviors of suppliers do not alway... D Ribbink,H Pun,T Yan - 《International Journal of Operations & Production Management》 被引量: 0发表: 2022年 Supply Chain Coordination...
We study a firm's incentive to disclose information sequentially to a consumer with reference-dependent preference which exhibits loss aversion. Sequential disclosure creates an endowment effect, when the consumer expects to buy with earlier information, which can lead to more sales. It also creates ...