@inbook{613c56955b484995b40103883bb8ec63,
title = "Newsvendor models with alternative risk preferences within expected utility theory and prospect theory frameworks",
abstract = "Newsvendor models are widely used in the literature, and usually based upon the assumption of risk neutrality. Recently there is a growing body of literature that attempts to use alternative risk preferences rather than risk neutrality to describe the newsvendor decision-making behavior. In this chapter, we provide an overview of newsvendor models with alternative risk preferences within the expected utility theory and prospect theory frameworks and identify some directions for future research.",
keywords = "Behavioral operations management, Expected utility theory, Loss aversion, Newsvendor model, Prospect theory, Risk aversion",
author = "Wang, \{Charles X.\} and Scott Webster and Sidong Zhang",
year = "2012",
doi = "10.1007/978-1-4614-3600-3\_7",
language = "English (US)",
volume = "176",
series = "International Series in Operations Research and Management Science",
publisher = "Springer New York LLC",
pages = "177--196",
booktitle = "International Series in Operations Research and Management Science",
}