How to compete against a behavioral newsvendor

dc.creatorOvchinnikov, A.
dc.creatorMoritz, Brent
dc.creatorQuiroga, Bernardo F.
dc.date.accessioned2020-04-20T16:19:13Z
dc.date.available2020-04-20T16:19:13Z
dc.date.created2020-04-20T16:19:13Z
dc.date.issued2015
dc.identifier1937-5956
dc.identifierhttps://repositorio.uc.cl/handle/11534/28676
dc.identifierhttp://www.scopus.com/inward/record.url?eid=2-s2.0-84955312992&partnerID=MN8TOARS
dc.identifier10.1111/poms.12361
dc.description.abstractWe investigate newsvendor ordering behavior under competition. We present a laboratory experiment that documents the behavioral ordering regularities in competitive newsvendor environments, and an analytical model extending the standard theory of newsvendor competition by including an optimal best-response policy for competing with a behaviorally biased newsvendor. We test the effectiveness of this policy using an out-of-sample experiment and find that it results in improved market share, service level and profitability
dc.languageen
dc.relationProduction and Operations Management, vol. 24, no. 11 (2015), pp. 1783-1793.
dc.subjectBehavioral operations management
dc.subjectCompetition
dc.subjectExperimental economics
dc.subjectNewsvendor
dc.titleHow to compete against a behavioral newsvendor
dc.typeArtículo


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