A bilevel optimization model for the newsvendor problem with the focus theory of choice
A bilevel optimization model for the newsvendor problem with the focus theory of choice
复制标题
基于焦点选择理论的报童问题双层优化模型
DOI:
10.1007/s10288-022-00520-6
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发表时间:
2022-08
影响因子:
2
通讯作者:
Peijun Guo
中科院分区:
文献类型:
--
作者:
Xide Zhu;Kevin W. Li;Peijun Guo
The newsvendor problem is formulated with the focus theory of choice in which instead of using the expected utility in the existing approaches, the optimal order quantity is determined as per which order quantity’s focus (the most salient demand) is the most preferred. This new formulation is a bilevel optimization problem in which the lower level chooses the focus of each order quantity and the upper level determines the optimal order quantity. The proposed model has maximin upper and lower level programs that are nonsmooth. We derive the optimal order quantity under this new framework and characterize the properties of the optimal solution. The proposed model provides a new perspective to analyze the newsvendor problems.
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DOI:
10.1016/j.ejor.2018.01.023
发表时间:
2018-07
期刊:
Eur. J. Oper. Res.
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Quarterly Journal of the Belgian, French and Italian Operations Research Societies
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2014-07
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Eur. J. Oper. Res.
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1976-09
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