Shi, Chunming; Yang, Shilei; Xia, Yu; Zhao, Xuan - In: European Journal of Operational Research 215 (2011) 2, pp. 367-373
Inventory competition for newsvendors (NVs) has been studied extensively under the objective of expected profit maximization which is based on risk neutrality. In this paper, we study this classic problem under the objective of profit satisficing which is based on downside-risk aversion....