LEADER 04171nam 22004933 450 001 9910310643903321 005 20240308225725.0 010 $a3-631-75398-5 024 7 $a10.3726/b13918 035 $a(CKB)4100000007655082 035 $a(MiAaPQ)EBC30686210 035 $a(Au-PeEL)EBL30686210 035 $a(EXLCZ)994100000007655082 100 $a20230911d2011 uy 0 101 0 $aeng 135 $aurcnu|||||||| 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 14$aThe Single-Period Inventory Model with Spectral Risk Measures 205 $a1st ed. 210 1$aFrankfurt a.M. :$cPeter Lang GmbH, Internationaler Verlag der Wissenschaften,$d2011. 210 4$dİ2012. 215 $aviii, 124 p. $cill. ;$d22 cm 225 0 $aForschungsergebnisse der Wirtschaftsuniversita?t Wien ;$vBd. 49 311 $a3-631-61573-6 320 $aIncludes bibliographical references. 327 $aCover -- 1 Introduction and Foundations -- 1.1 The Newsvendor Model -- 1.1.1 The inventory problem -- 1.1.2 The inventory & -- pricing problem -- 1.2 Terminology, definitions used and conventions -- 1.3 Structure of the work -- 2 Risk Measurement and Optimization -- 2.1 Early approaches to risk measures -- 2.1.1 Expected utility theory -- 2.1.2 Symmetric and downside risk measures -- 2.1.3 Value-at-Risk (VaR) -- 2.1.4 Artzner's axioms of coherency: How to measure risk -- 2.1.5 VaR in view of Artzner's axioms -- 2.2 Conditional Value-at-Risk (CVaR) -- 2.2.1 Definition of conditional Value-at-Risk -- 2.2.2 Optimization of CVaR -- 2.3 Spectral measures of risk -- 2.3.1 Definition of spectral measures of risk -- 2.3.2 Discussion on how to model the risk spectrum -- 2.3.3 Optimization of general spectral measures of risk -- 3 Inventory Problem with Risk Measures -- 3.1 A review of inventory control with risk preferences -- 3.2 Basic inventory control problem -- 3.2.1 Optimal policy and structural properties for the basic inventory problem -- 3.2.2 Specific examples of risk spectra in the basic inventory problem -- 3.2.3 Numerical study of the basic inventory control problem -- 3.3 Inventory control with shortage penalty cost -- 3.3.1 Optimal policy and structural properties for the inventory problem with shortage penalty costs -- 3.3.2 Specific examples of risk spectra in the inventory problem with shortage penalty cost -- 3.3.3 Numerical study of the inventory control problem with shortage penalty cost -- 3.4 Applications in supply chain management -- 4 Inventory & -- Pricing Problem with Risk Measures -- 4.1 The basic inventory & -- pricing problem -- 4.1.1 Necessary properties of the demand (error) distribution and risk spectra preserving them -- 4.1.2 Results for the joint optimal inventory & -- pricing problem. 327 $a4.1.3 Results for the pricing-only problem -- 4.1.4 Numerical study of the basic inventory & -- pricing problem -- 4.1.5 Analysis of the mean-CVaR risk spectrum -- 4.2 The inventory & -- pricing problem with shortage penalty cost -- 4.2.1 Joint optimality and unimodality -- 4.2.2 Joint optimal controls -- 4.2.3 Joint optimal performance measures -- 5 Conclusion -- References -- A Proofs. 330 $aInventory management and pricing decisions based on quantitative models both in industrial practice and academic works often rely on minimizing expected cost, which refers to the concept of risk-neutrality of the decision maker. In this title, spectral risk measures are applied to price-setting newsvendor problem and optimal policies are derived. 410 0$aForschungsergebnisse der Wirtschaftsuniversitaet Wien Series 606 $aInventory control$xMathematical models 606 $aRisk management$xMathematical models 615 0$aInventory control$xMathematical models. 615 0$aRisk management$xMathematical models. 676 $a658.787 700 $aFichtinger$b Johannes$01241449 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910310643903321 996 $aThe single-period inventory model with spectral risk measures$92879890 997 $aUNINA