Inventory management with carryover in the laboratory: going beyond the news vendor
在实验室中研究带库存结转的库存管理模型，允许未售出单位结转，并考察了拉动中心效应、近期效应、前期成本增加和风险规避对决策偏差的影响。
Abstract This paper considers a stationary model of inventory management in a rich setting in which unsold units carry over, in contrast with the full depreciation of unsold units that is implemented in laboratory studies of the news vendor problem. The model permits an array of costs associated with restocking, understocking, depreciation, financing, and holding inventories. The extra dimensions make it possible to hold the optimal inventory constant, while adjusting parameters that change the frequency of stockouts and the risks associated with storage and depreciation. This framework facilitates an investigation of factors that influence the nature and severity of behavioral biases observed in simpler news vendor settings. Optimal inventory decisions are derived and tested with a laboratory experiment. We consider four main questions in the inventory literature: the “pull-to-center” effect, the “recency” effect, the effect of increased up-front costs, and the effect of risk aversion.