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Essays on biased newsvendor ordering behavior based on laboratory experiments

Castañeda Acevedo, Jaime Andrés ; Gonçalves, Paulo (Dir.)

Thèse de doctorat : Università della Svizzera italiana, 2013 ; 2013ECO006.

A behavioral approach studying inventory ordering decisions in Newsvendor settings dates back to the early 2000s. Two systematic biased behavioral patterns have been identified since: a pull-to-center effect, or the tendency to order too many costly (low-safety stock) products and too few cheap (highsafety stock) products relative to the optimal stock level; and a demand chasing bias, or the...