A Review of Behavioral Decision Making in the Newsvendor Problem

Sharma, Abhishek Kumar; Nandi, Shirsendu

doi:10.31387/oscm0350214

Cited by 14 publications

(11 citation statements)

References 102 publications

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“…Our results corroborate previous findings and reiterate the notion that planners exhibit judgment bias—and consequently a decision bias—when preparing for marketing campaigns by over‐ordering (e.gFildes et al 2019; Tokar et al 2011, 2014). This behavior leads to persistent under‐forecasting as the campaign unfolds, as planners anchor their ordering decisions (Tversky & Kahneman, 1974) in the successful outcome of strong retail store sales lift (Katok et al 2008; Schweitzer & Cachon, 2000; Sharma & Nandi, 2018). Yet, planners induce over‐forecasting in the period immediately following the campaign, as they update over‐optimistic forecasts according to the heightened level of orders observed during the campaign, while actual order levels to replenish distribution centers decrease as retail store sales lifts no longer occur.…”

Section: Discussionmentioning

confidence: 99%

Good cause, not so good business? Sales and operations performance of cause‐related marketing

Sodero

2022

J of Business Logistics

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Building on prior literature on sales and operations planning, corporate social responsibility, and marketing campaigns, we investigate cause-related marketing (C-RM) effects on sales and operations performance across the retail supply chain. C-RM is a corporate social responsibility marketing campaign, in which a for-profit firm donates proceeds from consumer purchases of a promoted product to a designated nonprofit cause. Using a unique, rich, and proprietary dataset from an actual CR-M campaign, we conduct a quasi-experiment analysis. Our findings suggest positive C-RM effects on retail store sales during the campaign, coupled with enduring negative effects on forecast bias and service levels upstream in the retail supply chain.Although academic studies and the specialized media have thoroughly documented the benefits of C-RM to corporate branding, our findings point to trade-offs in sales and operations performance across the retail supply chain. These findings call for firms to carry out holistic assessments of the strategic value of C-RM involving all of its stakeholders, including sales and operations planners and the nonprofit cause, as well as investments in the development and improvement of their forecasting management competence.

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Section: Discussionmentioning

confidence: 99%

Good cause, not so good business? Sales and operations performance of cause‐related marketing

Sodero

2022

J of Business Logistics

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“…Regarding to statistical approach on supply chain management research, a theoretical model develops, describes and clarifies a situation related to a problem, and through the data collection or literature, the relationships between variables are examined. A good theoretical model defines the important changes in the context related to the problem and theory and explains the interactive relationship between the variables (Sharma & Nandi, 2018;González-Teruel & Pérez-Pulido, 2020). This study examines supply chain management by reviewing the development of theoretical models of supply chain management.…”

Section: Methodsmentioning

confidence: 99%

A Supply Chain Management Study: A Review of Theoretical Models from 2014 to 2019

Liao

Widowati

2021

OSCM: An Int. Journal

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Supply Chain Management (SCM) refers to suppliers, manufacturers, warehouses, distribution centers, and distributors who attempt to minimize the cost of the entire supply chain system while meeting certain customer service levels. This study examines supply chain management by reviewing the development of theoretical models of supply chain management. In regard to the development of these models, this study used "supply chain management" as the keywords/article title and searched for matching articles on the following databases from 2014 to 2019: ScienceDirect, Wiley Online Library, Sage Online Journals, Taylor & Francis Online, Springer Link, Emerald Insight and OSCM FORUM. The various types of independent variables, dependent variables, moderators, mediators, moderated mediation and mediated moderation for the research model that were designed and tested in the articles are considered as theoretical models of supply chain management. In addition, this study found supply chain management is a cross-category study issue. Ninety-seven articles are cited from forty-eight journals with twenty-five categories. This research is the first article in terms of investigating supply chain management studies using a theoretical model review based on a qualitative review research in supply chain issues. In reviewing these articles, this study categorizes past studies of supply chain management, identifies differences and indicates possible future developments in the study of SCM.

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“…Konsumen juga akan memberikan rekomendasi kepada pihak lain untuk samasama menggunakan layanan jasa tersebut. (Sharma & Nandi, 2018). Manfaat lainnya adalah layanan prima mampu memenuhi standar mutu yang telah ditentukan (Rangkuti, 2017 (Adiyanto, 2019).…”

Section: Layananunclassified

Menciptakan Layanan PAUD yang Prima Melalui Penerapan Praktik Activity Based Costing

Wiyani¹

2020

JIKK

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Masalah keterbatasan anggaran dalam memenuhi kebutuhan konsumen di lembaga PAUD dapat diatasi dengan menerapkan praktik Activity Based Costing (ABC). Penelitian ini merupakan penelitian kualitatif yang bertujuan untuk mendeskripsikan langkah penerapan praktik ABC sebagai upaya untuk mengoptimalkan penyelenggaraan Pendidikan Anak Usia Dini (PAUD) di RA Masyithoh. RA Masyithoh dipilih dengan pertimbangan lembaga ini telah menerapkan praktik ABC dalam menciptakan layanan PAUD yang prima. Data dalam penelitian ini dikumpulkan dengan cara wawancara, observasi, dan dokumentasi kemudian dianalisis menggunakan teknik analisis data model Miles dan Huberman. Hasil penelitian menunjukkan ada lima langkah yang dilakukan dalam menciptakan layanan PAUD yang prima melalui praktik ABC. Pertama, mengidentifikasikan, mendefinisikan, serta mengelompokkan aktivitas. Kedua, melakukan penelusuran secara langsung terhadap aktivitas dan objek biaya. Ketiga, membebankan biaya ke kelompok biaya aktivitas. Keempat, menghitung tarif aktivitas. Kelima, menyusunan laporan. Kelima langkah tersebut mampu menciptakan layanan prima dan meningkatkan kepuasan konsumen dengan indikasi terjadi peningkatan jumlah siswa di setiap tahunnya, anggaran yang dibutuhkan untuk melaksanakan kegiatan PAUD dapat terpenuhi, dan secara kelembagaan RA Masyithoh mengalami perkembangan dengan didirikannya Taman Penitipan Anak dan Kelompok Bermain.

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A Review of Behavioral Decision Making in the Newsvendor Problem

Cited by 14 publications

References 102 publications

Good cause, not so good business? Sales and operations performance of cause‐related marketing

Good cause, not so good business? Sales and operations performance of cause‐related marketing

A Supply Chain Management Study: A Review of Theoretical Models from 2014 to 2019

Menciptakan Layanan PAUD yang Prima Melalui Penerapan Praktik Activity Based Costing

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