Construct · 1 fields · 1 citations

ex-post inventory error minimization: a standalone construct

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ex-post inventoryerror minimization1 CONSTRUCTEx-post inventory errorSCHWEITZER · BEHAVIORAL

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Behavioral operations

a preference to order quantities that reduce the felt gap between stock and realized demand, proposed to explain biased newsvendor orders.

In behavioral operations, ex-post inventory error minimization refers to a preference to order quantities that reduce the felt gap between stock and realized demand, proposed to explain biased newsvendor orders. This meaning comes from Schweitzer (2000) in Management Science.[1]

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Nearby constructs

pull-to-center effect1 fields · 1 citationsanchor · a standalone constructbehavioral operations1 fields · 1 citationsanchor · a standalone constructdemand4 fields · 4 citationsjingle · one word, four constructs

References

  1. Schweitzer, M. E., & Cachon, G. P. (2000). Decision Bias in the Newsvendor Problem with a Known Demand Distribution: Experimental Evidence. Management Science, 46(3), 404-420. https://doi.org/10.1287/mnsc.46.3.404.12070

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