IDEAS home Printed from https://ideas.repec.org/h/spr/lnechp/978-3-319-13305-8_6.html
   My bibliography  Save this book chapter

Empirical Newsvendor Decisions Under a Service Level Contract

In: Retail Analytics

Author

Listed:
  • Anna-Lena Sachs

    (University of Cologne)

Abstract

We analyze the order decisions of a manufacturer who supplies several retail stores with bakery products in a newsvendor context. According to a service level contract between the manufacturer and the retailer, the manufacturer has to achieve an in-stock service level measured over multiple products. We derive the optimal inventory policy for an aggregate service level contract and compare the optimal solution to the decisions made by the manufacturer. Further, we address the question whether the results of experimental studies from the laboratory can be transferred to real-world decisions. Our findings indicate that real decision makers show similar decision biases as students in laboratory environments.

Suggested Citation

  • Anna-Lena Sachs, 2015. "Empirical Newsvendor Decisions Under a Service Level Contract," Lecture Notes in Economics and Mathematical Systems, in: Retail Analytics, edition 127, chapter 0, pages 79-101, Springer.
  • Handle: RePEc:spr:lnechp:978-3-319-13305-8_6
    DOI: 10.1007/978-3-319-13305-8_6
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Khosrowabadi, Naghmeh & Hoberg, Kai & Imdahl, Christina, 2022. "Evaluating human behaviour in response to AI recommendations for judgemental forecasting," European Journal of Operational Research, Elsevier, vol. 303(3), pages 1151-1167.
    2. Yun Shin Lee & Enno Siemsen, 2017. "Task Decomposition and Newsvendor Decision Making," Management Science, INFORMS, vol. 63(10), pages 3226-3245, October.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:lnechp:978-3-319-13305-8_6. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.