Research Article

On the Preorder Strategy for Loss-Averse Newsvendor Model under CVaR Measure

Table 1

Notations.

SymbolDescription

The ending time of preselling
Wholesale price at the beginning of preselling
Item selling price in spot market
Item recycling price
The wholesale price increasing coefficient
Market demand in spot market
Retailer’s preordering quantity (variable)
Retailer’s preordering time (variable)
The loan interest rate
The optimal value