Kremer, Mirko; Minner, Stefan; Wassenhove, Luk N. Van - In: Manufacturing & Service Operations Management 12 (2010) 4, pp. 673-681
Previous experimental work showed that newsvendors tend to order closer to mean demand than prescribed by the normative critical fractile solution. A recently proposed explanation for this mean ordering behavior assumes that the decision maker commits random choice errors, and predicts the mean...