Stochastic sensitivity and dynamical complexity of newsvendor models subject to trade credit

• Published in: Mathematics and computers in simulation Vol. 181; pp. 471 - 486
• Main Authors: Chen, Jianxin, Zhang, Tonghua, Zhou, Yong-wu
• Format: Journal Article
• Language: English
• Published: Elsevier B.V 01.03.2021
• Subjects: Conditional-Value-at Risk (CVaR) criterion; Dynamical ordering model; Supply chain financing; Supply chain financing; Dynamical ordering model; Conditional-Value-at Risk (CVaR) criterion

To describe the dynamical ordering behaviour of a risk-averse newsvendor with trade credit in supply chain, two models are formulated for two scenarios based on the bounded rationality rule. Assuming the newsvendor chooses the ordering quantity by adaptively adjusting the choice of previous period,...