Universität zu Köln

Bolton, Gary E., Ockenfels, Axel and Thonemann, Ulrich W. (2012). Managers and Students as Newsvendors. Manage. Sci., 58 (12). S. 2225 - 2234. CATONSVILLE: INFORMS. ISSN 1526-5501

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Abstract

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 students do. Also, managers use information and task training no better than students. The performance of managers is positively affected by the level of their education and their level in the organizational hierarchy. We discuss implications for theory and for how ordering might be improved in practice.

Item Type:	Journal Article
Creators:	Creators Email ORCID ORCID Put Code Bolton, Gary E. UNSPECIFIED UNSPECIFIED UNSPECIFIED Ockenfels, Axel UNSPECIFIED UNSPECIFIED UNSPECIFIED Thonemann, Ulrich W. UNSPECIFIED UNSPECIFIED UNSPECIFIED
URN:	urn:nbn:de:hbz:38-478099
DOI:	10.1287/mnsc.1120.1550
Journal or Publication Title:	Manage. Sci.
Volume:	58
Number:	12
Page Range:	S. 2225 - 2234
Date:	2012
Publisher:	INFORMS
Place of Publication:	CATONSVILLE
ISSN:	1526-5501
Language:	English
Faculty:	Unspecified
Divisions:	Unspecified
Subjects:	no entry
Uncontrolled Keywords:	Keywords Language BOUNDED RATIONALITY; EXPERIENCE Multiple languages Management; Operations Research & Management Science Multiple languages
URI:	http://kups.ub.uni-koeln.de/id/eprint/47809