Decision-Making Optimization of Risk-Seeking Retailer Managed Inventory Model in a Water Supply Chain

Yu, Wenfang; Hou, Guisheng; Xin, Baogui

doi:10.1155/2021/9943753

Cited by 6 publications

(5 citation statements)

References 47 publications

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“…A distinctive stream of research is looking into the cognitive underpinnings of risk acceptance, more specifically what motivates risk-seeking attitudes. A risk-seeking attitude refers to a situation where an individual is willing to accept greater economic uncertainty in exchange for potentially higher returns (Yu et al, 2021;Cordina, & Lauri, 2021). A significant amount of literature has presented that the risk attitudes for various people vary significantly among people at different times.…”

Section: Risk-seeking Attitudesmentioning

confidence: 99%

Risk Seeking Attitudes towards COVID-19 Vaccination and the role of HCPs in Norway and Pakistan

Munir,

Bouder

2023

Proceeding of the 33rd European Safety and Reliability Conference

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The health impact of COVID-19, the disease caused by the SARS-COV2 virus, varies significantly between age groups. While most people suffer mild to severe symptoms and recover without needing special treatment, at risk groups such as the elderly and people with co-morbidities have been tragically hit, especially in the early phase of the 2020 pandemic. In this context, governments have facilitated an unprecedented effort to fast-track, develop and roll out a worldwide vaccination programme. Vaccination is seen as a life-saving intervention for at risk groups and a health benefit for larger segments of the population. Most countries share a commitment to large-scale vaccination to counter COVID-19. However, despite the global nature of the effort, variations have been observed on the ground both in terms of strategy, delivery and acceptance. In addition, several risks associated with the vaccination for COVID-19 have been discussed, including within the medical profession. This paper presents a qualitative analysis of risk perception approached through the lens of medical intervention by Healthcare Professionals (HCPs) in charge of administering the COVID-19 vaccination. It is based on 20 semistructured interviews conducted in 2020 with HCPs from Norway (N10) and Pakistan (N10). The research points to several casualties and motivational conversations with HCPs are the impetus for people to take the COVID-19 vaccination. Myths and unavailability of reality and truth are the main concerns observed in Pakistan. HCPs from Norway, on the other hand, have indicated that the willingness of the patients and support from family members are key motivations to take vaccines in Norway. However, the risk-seeking attitude of people is influenced by the scare of side effects and negative media reports, and lack of trust in vaccines. This research concludes on the need for more research for determining the risk-seeking attitude of people outside the Western hemisphere before and after taking the COVID-19 vaccination.

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Section: Risk-seeking Attitudesmentioning

confidence: 99%

Risk Seeking Attitudes towards COVID-19 Vaccination and the role of HCPs in Norway and Pakistan

Munir,

Bouder

2023

Proceeding of the 33rd European Safety and Reliability Conference

View full text Add to dashboard Cite

show abstract

“…A distinctive stream of research is looking into the cognitive underpinnings of risk acceptance, more specifically what motivates risk-seeking attitudes. A risk-seeking attitude refers to an individual who is willing to accept greater economic uncertainty in exchange for potentially higher returns (Yu et al, 2021;Cordina, & Lauri, 2021). A significant amount of literature has presented that the risk attitudes for various people vary significantly among people at different times.…”

Section: Risk-seeking Attitudesmentioning

confidence: 99%

Risk Seeking Attitudes Towards COVID-19 Vaccination and the Role of HCPs in Norway and Pakistan

Munir,

Bouder

2023

Proceeding of the 33rd European Safety and Reliability Conference

View full text Add to dashboard Cite

The health impact of COVID-19 is likely to have lasting impacts on the approach to safety in multiple sectors. Governments have facilitated an unprecedented effort to fast-track, develop and roll out a worldwide vaccination program. Vaccination is seen as a life-saving intervention for at-risk groups and a key component of reliability in healthcare. Most countries share a commitment to large-scale vaccination to counter COVID-19. Yet, variations have been observed and several vaccine safety problems have been discussed, including within the medical profession. This paper presents a qualitative analysis of risk perception approached through the lens of medical intervention by Healthcare Professionals (HCPs) in charge of administering the COVID-19 vaccination. It is based on 20 semi-structured interviews conducted in 2020 with HCPs from Norway (N10) and Pakistan (N10). The research points to several causalities and motivational conversations with HCPs that may affect safety. Myths and the unavailability of reality and truth are the main concerns observed in Pakistan. HCPs from Norway, on the other hand, have indicated that the willingness of the patients and support from family members are key motivations. There, risk-seeking attitudes are influenced by the scare of side effects and negative media reports, and lack of trust in the vaccines. This research concludes on the need for more research for linking our understanding of risk-seeking attitudes to safety and reliability decisions.

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“…One is to introduce random variables and the other is to introduce a linear demand function. This article refers to the study by Yu et al [53], where it is assumed that the market is open without any upper bound on the market demand. Demand x ∈ [0, +∞) is treated as a continuous random variable.…”

Section: Problem Descriptionmentioning

confidence: 99%

Cross-Border E-Commerce Supply Chain Decision-Making Considering Out-of-Stock Aversion Risk and Waste Aversion Risk

Xin

Zhou

2023

IEEE Access

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With the increase of black swan incidents, cross-border e-commerce supply chains are facing more risks. Out-of-stock aversion and waste aversion are examined as the risk preferences of cross-border e-commerce platforms and overseas warehouses based on prospect theory. A cross-border e-commerce supply chain decision making model with four different risk preference combinations is constructed under the Stackelberg game decision making model. The relationships between the risk preference coefficient and the ordering strategy for the overseas warehouse and the pricing strategy for the cross-border e-commerce platform are analyzed through the numerical analysis of an arithmetic case. The results show that: 1) the cross-border e-commerce platform at the leading position has a more prominent impact on the performance of the cross-border e-commerce supply chain; 2) when the overseas warehouse is out-of-stock averse and the cross-border e-commerce platform is waste averse, both the order quantity and pricing increase with the increase of the risk preference coefficient; when the overseas warehouse is waste averse and the cross-border e-commerce platform is out-of-stock averse, both the order quantity and pricing decrease with the increase of the risk preference coefficient; 3) when the overseas warehouse and the cross-border e-commerce platform have the same risk preference, the overseas warehouse adopts a more aggressive ordering strategy when they are more out-of-stock averse, and adopts a more conservative ordering strategy when they are more waste averse.INDEX TERMS Cross-border e-commerce supply chain, risk preference, stackelberg game, out-of-stock aversion, waste aversion.

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Decision-Making Optimization of Risk-Seeking Retailer Managed Inventory Model in a Water Supply Chain

Cited by 6 publications

References 47 publications

Risk Seeking Attitudes towards COVID-19 Vaccination and the role of HCPs in Norway and Pakistan

Risk Seeking Attitudes towards COVID-19 Vaccination and the role of HCPs in Norway and Pakistan

Risk Seeking Attitudes Towards COVID-19 Vaccination and the Role of HCPs in Norway and Pakistan

Cross-Border E-Commerce Supply Chain Decision-Making Considering Out-of-Stock Aversion Risk and Waste Aversion Risk

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