A Prospect Theory-Based Order Model Under Stochastic Demand

摘要：

Its based on the Prospect Theory to study the order problem under stochastic demand. Firstly, we review the traditional order model and disadvantages of the Expected Utility Theory, and then briefly introduce the Prospect Theory. Secondly, followed by the framework of Prospect Theory, the paper analysis the orders value function perception, subjective probability density and weight function, and then based on Prospect Theory establish a order model which is a new and useful theoretical tool for the research of the order problem in the supply chain management; Finally, we have analysed the new model by taking a calculation case.

关键词： Prospect Theory Stochastic Demand Order Theory Model Supply Chain Management

作者: Liu Yongmei Peng Min Li Li

作者单位: Business School, Central South University, ChangSha 410083, China

会议类型: 国际会议

会议名称: 2009年中国控制与决策会议(2009 Chinese Control and Decision Conference)

会议地点: 广西桂林

会议语种:英文

页码: 2539-2544

在线出版日期: 2009-06-17（万方平台首次上网日期，不代表论文的发表时间）