Research Article
On the Preorder Strategy for Loss-Averse Newsvendor Model under CVaR Measure
Algorithm 1
The algorithm to compute the optimal preordering time and the optimal preorder quantity.
| Step 1. Input parameters . | | Step 2. Define function | and solve equation to obtain . If or , set . | | Step 3. If , then set , else set , goto next step. | | Step 4. Compute | | Step 5. Output , . |
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