Production and Inventory Planning under Decreasing Absolute Risk Aversion: A Unified Approach for Sensitivity Analysis

Production and Inventory Planning under Decreasing Absolute Risk Aversion: A Unified Approach for Sensitivity Analysis

Authors

Published

Risk and Decision Analysis, 1 ed., vol. 5, February 2014

Abstract

We report on a unified method to carry out sensitivity analysis under uncertainty for a wide range of problems in production planning, inventory management and portfolio planning, when the decision maker exhibits decreasing absolute risk aversion.