{"id":"https://openalex.org/W4391364040","doi":"https://doi.org/10.1016/j.ijpe.2024.109171","title":"Risk preferences, newsvendor orders and supply chain coordination using the Mean-CVaR model","display_name":"Risk preferences, newsvendor orders and supply chain coordination using the Mean-CVaR model","publication_year":2024,"publication_date":"2024-01-30","ids":{"openalex":"https://openalex.org/W4391364040","doi":"https://doi.org/10.1016/j.ijpe.2024.109171"},"language":"en","primary_location":{"id":"doi:10.1016/j.ijpe.2024.109171","doi":"https://doi.org/10.1016/j.ijpe.2024.109171","is_oa":true,"landing_page_url":"https://doi.org/10.1016/j.ijpe.2024.109171","pdf_url":null,"source":{"id":"https://openalex.org/S184816971","display_name":"International Journal of Production Economics","issn_l":"0925-5273","issn":["0925-5273","1873-7579"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","erih-plus","fnege-2","jufo-2","norway-2","poland-140","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320990","host_organization_name":"Elsevier BV","host_organization_lineage":["https://openalex.org/P4310320990"],"host_organization_lineage_names":["Elsevier BV"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"International Journal of Production Economics","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"hybrid","oa_url":"https://doi.org/10.1016/j.ijpe.2024.109171","any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5045118442","display_name":"Werner Jammernegg","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I102248843","display_name":"Vienna University of Economics and Business","ror":"https://ror.org/03yn8s215","country_code":"AT","type":"education","lineage":["https://openalex.org/I102248843"]}],"countries":["AT"],"is_corresponding":false,"raw_author_name":"Werner Jammernegg","raw_affiliation_strings":["WU Vienna University of Economics and Business, Austria"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"WU Vienna University of Economics and Business, Austria","institution_ids":["https://openalex.org/I102248843"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5013371579","display_name":"Peter Kischka","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I76198965","display_name":"Friedrich Schiller University Jena","ror":"https://ror.org/05qpz1x62","country_code":"DE","type":"education","lineage":["https://openalex.org/I76198965"]}],"countries":["DE"],"is_corresponding":false,"raw_author_name":"Peter Kischka","raw_affiliation_strings":["Friedrich Schiller University Jena, Germany"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Friedrich Schiller University Jena, Germany","institution_ids":["https://openalex.org/I76198965"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5043187405","display_name":"Lena Silbermayr","orcid":"https://orcid.org/0000-0001-7356-7663","observed_orcids":["https://orcid.org/0000-0001-7356-7663"]},"institutions":[{"id":"https://openalex.org/I102248843","display_name":"Vienna University of Economics and Business","ror":"https://ror.org/03yn8s215","country_code":"AT","type":"education","lineage":["https://openalex.org/I102248843"]}],"countries":["AT"],"is_corresponding":true,"raw_author_name":"Lena Silbermayr","raw_affiliation_strings":["WU Vienna University of Economics and Business, Austria"],"raw_orcid":"https://orcid.org/0000-0001-7356-7663","affiliations":[{"raw_affiliation_string":"WU Vienna University of Economics and Business, Austria","institution_ids":["https://openalex.org/I102248843"]}]}],"institutions":[],"countries_distinct_count":2,"institutions_distinct_count":2,"corresponding_author_ids":["https://openalex.org/A5043187405"],"corresponding_institution_ids":["https://openalex.org/I102248843"],"apc_list":{"value":4090,"currency":"USD","value_usd":4090},"apc_paid":{"value":4090,"currency":"USD","value_usd":4090},"fwci":10.3311,"has_fulltext":false,"cited_by_count":22,"citation_normalized_percentile":{"value":0.97985581,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":98,"max":99},"biblio":{"volume":"270","issue":null,"first_page":"109171","last_page":"109171"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10328","display_name":"Supply Chain and Inventory Management","score":0.9994999766349792,"subfield":{"id":"https://openalex.org/subfields/1404","display_name":"Management Information Systems"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10328","display_name":"Supply Chain and Inventory Management","score":0.9994999766349792,"subfield":{"id":"https://openalex.org/subfields/1404","display_name":"Management Information Systems"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10539","display_name":"Sustainable Supply Chain Management","score":0.00019999999494757503,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11413","display_name":"Risk and Portfolio Optimization","score":0.0,"subfield":{"id":"https://openalex.org/subfields/1803","display_name":"Management Science and Operations Research"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/newsvendor-problem","display_name":"newsvendor problem","score":0.8889999985694885},{"id":"https://openalex.org/keywords/risk-preferences","display_name":"risk preferences","score":0.8579999804496765},{"id":"https://openalex.org/keywords/conditional-value-at-risk","display_name":"conditional value at risk","score":0.8799999952316284},{"id":"https://openalex.org/keywords/value-at-risk","display_name":"value at risk","score":0.9940000176429749},{"id":"https://openalex.org/keywords/supply-chain-coordination","display_name":"supply chain coordination","score":0.8629999756813049},{"id":"https://openalex.org/keywords/wholesale-price-contract","display_name":"wholesale price contract","score":0.9649999737739563},{"id":"https://openalex.org/keywords/order-quantity","display_name":"order quantity","score":0.5960000157356262},{"id":"https://openalex.org/keywords/target-profit","display_name":"target profit","score":0.7450000047683716},{"id":"https://openalex.org/keywords/supply-chain-efficiency","display_name":"supply chain efficiency","score":0.9129999876022339}],"concepts":[{"id":"https://openalex.org/C2779922397","wikidata":"https://www.wikidata.org/wiki/Q5014755","display_name":"CVAR","level":4,"score":0.966522216796875},{"id":"https://openalex.org/C36181114","wikidata":"https://www.wikidata.org/wiki/Q3130009","display_name":"Newsvendor model","level":3,"score":0.9609521627426147},{"id":"https://openalex.org/C108713360","wikidata":"https://www.wikidata.org/wiki/Q1824206","display_name":"Supply chain","level":2,"score":0.7363961935043335},{"id":"https://openalex.org/C107257861","wikidata":"https://www.wikidata.org/wiki/Q656316","display_name":"Coordination game","level":2,"score":0.5477300882339478},{"id":"https://openalex.org/C2778854227","wikidata":"https://www.wikidata.org/wiki/Q5072492","display_name":"Channel coordination","level":4,"score":0.4694150388240814},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.4530373513698578},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.40535953640937805},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.3975580632686615},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.3801664113998413},{"id":"https://openalex.org/C44104985","wikidata":"https://www.wikidata.org/wiki/Q492886","display_name":"Supply chain management","level":3,"score":0.3687261939048767},{"id":"https://openalex.org/C5496284","wikidata":"https://www.wikidata.org/wiki/Q5420856","display_name":"Expected shortfall","level":3,"score":0.27791696786880493},{"id":"https://openalex.org/C32896092","wikidata":"https://www.wikidata.org/wiki/Q189447","display_name":"Risk management","level":2,"score":0.24479049444198608},{"id":"https://openalex.org/C162853370","wikidata":"https://www.wikidata.org/wiki/Q39809","display_name":"Marketing","level":1,"score":0.1358325481414795},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.0970558226108551}],"mesh":[],"locations_count":3,"locations":[{"id":"doi:10.1016/j.ijpe.2024.109171","doi":"https://doi.org/10.1016/j.ijpe.2024.109171","is_oa":true,"landing_page_url":"https://doi.org/10.1016/j.ijpe.2024.109171","pdf_url":null,"source":{"id":"https://openalex.org/S184816971","display_name":"International Journal of Production Economics","issn_l":"0925-5273","issn":["0925-5273","1873-7579"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","erih-plus","fnege-2","jufo-2","norway-2","poland-140","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320990","host_organization_name":"Elsevier BV","host_organization_lineage":["https://openalex.org/P4310320990"],"host_organization_lineage_names":["Elsevier BV"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"International Journal of Production Economics","raw_type":"journal-article"},{"id":"pmh:oai:research.wu.ac.at:openaire_cris_publications/c88511f3-f6cb-40dc-ada2-043e0e566be5","doi":null,"is_oa":false,"landing_page_url":"https://research.wu.ac.at/de/publications/c88511f3-f6cb-40dc-ada2-043e0e566be5","pdf_url":null,"source":{"id":"https://openalex.org/S7407055123","display_name":"WU Research","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Jammernegg, W, Kischka, P & Silbermayr, L 2024, 'Risk preferences, newsvendor orders and supply chain coordination using the Mean-CVaR model', International Journal of Production Economics, vol. 270, 109171. https://doi.org/10.1016/j.ijpe.2024.109171","raw_type":"info:eu-repo/semantics/article"},{"id":"pmh:oai:RePEc:eee:proeco:v:270:y:2024:i:c:s0925527324000288","doi":null,"is_oa":false,"landing_page_url":"http://www.sciencedirect.com/science/article/pii/S0925527324000288","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"}],"best_oa_location":{"id":"doi:10.1016/j.ijpe.2024.109171","doi":"https://doi.org/10.1016/j.ijpe.2024.109171","is_oa":true,"landing_page_url":"https://doi.org/10.1016/j.ijpe.2024.109171","pdf_url":null,"source":{"id":"https://openalex.org/S184816971","display_name":"International Journal of Production Economics","issn_l":"0925-5273","issn":["0925-5273","1873-7579"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","erih-plus","fnege-2","jufo-2","norway-2","poland-140","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320990","host_organization_name":"Elsevier BV","host_organization_lineage":["https://openalex.org/P4310320990"],"host_organization_lineage_names":["Elsevier BV"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"International Journal of Production Economics","raw_type":"journal-article"},"sustainable_development_goals":[],"sustainable_development_goals_aurora":[{"id":"https://metadata.un.org/sdg/16","score":0.5400000214576721,"display_name":"Peace, justice, and strong institutions"}],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":42,"referenced_works":["https://openalex.org/W50964634","https://openalex.org/W125662950","https://openalex.org/W1539963493","https://openalex.org/W1592048869","https://openalex.org/W1966852670","https://openalex.org/W1981342995","https://openalex.org/W2001930328","https://openalex.org/W2016275435","https://openalex.org/W2016790747","https://openalex.org/W2024704670","https://openalex.org/W2025611071","https://openalex.org/W2032630977","https://openalex.org/W2032770662","https://openalex.org/W2033205768","https://openalex.org/W2065617954","https://openalex.org/W2084102785","https://openalex.org/W2094046648","https://openalex.org/W2096554740","https://openalex.org/W2119239894","https://openalex.org/W2129241249","https://openalex.org/W2130960228","https://openalex.org/W2132527237","https://openalex.org/W2142831149","https://openalex.org/W2149035559","https://openalex.org/W2150797883","https://openalex.org/W2170049526","https://openalex.org/W2470847266","https://openalex.org/W2506275749","https://openalex.org/W2561734328","https://openalex.org/W2803934225","https://openalex.org/W2946596059","https://openalex.org/W2955088841","https://openalex.org/W2960224372","https://openalex.org/W3024350785","https://openalex.org/W3123001835","https://openalex.org/W3123825819","https://openalex.org/W3134526329","https://openalex.org/W3217592019","https://openalex.org/W4205173197","https://openalex.org/W4220923938","https://openalex.org/W4226280167","https://openalex.org/W4252707658"],"related_works":["https://openalex.org/W2561734328","https://openalex.org/W2495714616","https://openalex.org/W2017866113","https://openalex.org/W2002751131","https://openalex.org/W2373187882","https://openalex.org/W2092155007","https://openalex.org/W2297475702","https://openalex.org/W2385252535","https://openalex.org/W7097234229","https://openalex.org/W2348186226"],"abstract_inverted_index":{"The":[0,58,112],"standard":[1],"newsvendor":[2,17,108],"model":[3,35,45],"assumes":[4],"that":[5,90,159],"decision-makers":[6],"in":[7],"the":[8,16,24,43,48,79,85,91,99,107,119,122,126,129,167,174,186,213,217,223,228,237,243,246,252],"supply":[9,144,151,169,180,224,255],"chain":[10,152,170,181,225,256],"are":[11],"risk-neutral.":[12],"This":[13],"paper":[14],"explores":[15],"problem":[18],"using":[19],"risk":[20,29,50,116,177],"measures":[21,51],"building":[22],"on":[23,47,143,242,254],"classical":[25],"normative":[26],"definition":[27],"of":[28,81,114,121,128,245],"preferences":[30,117,178],"by":[31,63,74],"certainty":[32],"equivalents":[33],"to":[34],"risk-averse,":[36,190],"risk-neutral,":[37],"and":[38,54,70,73,104,118,171,207,227,249],"risk-taking":[39,110,208],"decision-makers.":[40,156],"We":[41,157,210],"suggest":[42],"Mean-CVaR":[44,130,155,214],"based":[46,142],"popular":[49],"Value-at-Risk":[52,56],"(VaR)":[53],"Conditional":[55],"(CVaR).":[57],"objective":[59,146],"function":[60],"is":[61,95,109,189],"characterized":[62],"a":[64,75,138,160,191,197,205,220,231],"tolerance":[65],"level":[66,77],"differentiating":[67],"between":[68],"low":[69,82],"high":[71],"profits":[72,248],"pessimism":[76],"representing":[78],"weight":[80],"profits.":[83],"For":[84,183],"first":[86],"time,":[87],"we":[88,149,250],"prove":[89],"optimal":[92],"order":[93,101,123,134],"quantity":[94,102,124],"higher":[96],"(lower)":[97],"than":[98],"risk-neutral":[100,206],"if":[103,106,185,216],"only":[105],"(risk-averse).":[111],"equivalence":[113],"product-specific":[115],"size":[120],"enables":[125],"determination":[127],"parameters":[131,215],"from":[132,137],"given":[133],"quantities":[135],"or":[136],"target":[139,221,232,247],"profit.":[140,233],"Further,":[141],"chain\u2019s":[145],"maximization":[147],"criterion,":[148],"discuss":[150],"coordination":[153],"with":[154],"show":[158,251],"simple":[161],"wholesale":[162,193,239],"price":[163,194,240],"contract":[164],"can":[165],"coordinate":[166],"supplier-buyer":[168],"completely":[172],"characterize":[173],"decision":[175],"makers\u2019":[176],"under":[179],"coordination.":[182],"example,":[184],"coordinator":[187,218],"(supplier)":[188],"coordinating":[192,238],"exists":[195],"for":[196,204,222],"less":[198],"risk-averse":[199],"buyer":[200,229],"as":[201,203],"well":[202],"buyer.":[209],"also":[211],"determine":[212],"specifies":[219],"profit":[226],"communicates":[230],"In":[234],"this":[235],"case,":[236],"depends":[241],"ratio":[244],"impact":[253],"efficiency.":[257]},"counts_by_year":[{"year":2026,"cited_by_count":5},{"year":2025,"cited_by_count":10},{"year":2024,"cited_by_count":7}],"updated_date":"2026-10-28T10:33:24.094632","created_date":"2024-01-31T00:00:00"}
