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Control Number313013
Date and Time of Latest Transaction20150706093830.AM
General Information150706s |||||||||b ||00|||
Cataloging SourceSTII-DOST
Local Call NumberScienceDirect
Main Entry - Personal NameChun-Hung Chui
 Tsan-Ming Choi
Title StatementMean-downside-risk and mean-variance newsvendor models implications for sustainable fashion retailing by Tsan-Ming Choi and Chun-Hung Chui
Physical Descriptionpages 552-560 computer file; text; 194kb
Summary, Etc.Newsvendor models have been well-established for studying supply chain management problems with fashionable products. In this paper, we explore the mean-downside-risk (MDR) and mean-variance (MV) newsvendor models under both the exogenous and endogenous retail price decision cases. We first construct analytical models with the MDR and MV objectives. We then show that the analytical solution schemes for both the MDR and MV problems are the same. With the measures for sustainability such as the expected quantity of goods leftover, the expected sales to expected goods leftover ratio, the rate of return on investment, and the probability of achieving a pre-determined profit target, we proceed to compare the levels of sustainability by the fashion retailers which employ the mean-risk and the risk neutral models. Insights are generated
Subject Added Entry - Topical TermSocial sciences
 Logistics -- Analysis
 Management science -- Analysis
 Fashion supply chain management
 Mean-downside risk analysis
LocationDOST STII ScienceDirect NONPRINTS NP 14-16145 1 14-16145 Online/Download 2012-01-19
  
     
 
Physical Location
Department of Science and Technology
Science and Technology Information InstituteScienceDirect
  
     
 
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