Purpose The success of a supply chain is highly reliant on effective inventory and ordering
decisions. This paper systematically reviews and analyzes the literature on inventory …

We examine historical banking crises through the lens of bank equity declines, which cover
a broad sample of episodes of banking distress with and without banking panics. To do this …

Behavioral operations is now an established and fundamental research field dedicated to
understanding how the behavior of managers, workers, and customers influences …

Previous studies have shown that individuals make suboptimal decisions in a variety of
supply chain and inventory settings. We hypothesize that one cause is that individuals are …

We compare how experienced procurement managers and students solve the newsvendor
problem. We find that managers broadly exhibit the same kind of pull-to-center bias as …

Previous research has shown that when solving a newsvendor problem, individuals
systematically and persistently deviate from the profit maximizing quantity. This paper …

Current understanding in operations management is that prospect theory, as a theory of
decision making under uncertainty, cannot systematically explain the ordering behavior …

In today's global economy, an ever-increasing number of companies are dealing with
international partners, instigating a need to understand the impact of cultural differences on …

Does the payment scheme have an effect on inventory decisions in the newsvendor
problem? Keeping the net profit structure constant, we examine three payment schemes that …

We analyze how individuals make forecasts based on time-series data. Using a controlled
laboratory experiment, we find that forecasting behavior systematically deviates from …