Review paper
Optimal Reorder Policy Incorporating Retailers’ Behavioral Bias under Continuous Review Inventory Model
Volume: 45, Issue: 4, Pages: 23 - 34
Published: Nov 30, 2020
Abstract
We consider a supply chain consisting of one warehouse and multiple retailers under a continuous review policy. In this setting, warehouse inventory management utilizing real-time inventory information of retailers has been an important topic. Recent progress in behavioral operations management suggests that the reorder decisions of retailers may deviate from optimal decisions due to behavioral bias. Thus, incorporating human decision bias in...
Paper Details
Title
Optimal Reorder Policy Incorporating Retailers’ Behavioral Bias under Continuous Review Inventory Model
Published Date
Nov 30, 2020
Volume
45
Issue
4
Pages
23 - 34
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