Comment on Newsvendor Demand Chasing Revisited

• 成果类型: Editorial Material
• 署名作者: Kirshner, Samuel N.; Moritz, Brent B.
• 署名单位: University of New South Wales Sydney; Pennsylvania Commonwealth System of Higher Education (PCSHE); Pennsylvania State University; Pennsylvania State University - University Park
• 刊物名称: MANAGEMENT SCIENCE
• ISSN/ISSBN: 0025-1909
• DOI: 10.1287/mnsc.2019.3489
• 发表日期: 2020
• 关键词: Behavioral Operations; demand chasing; newsvendor; anchor and adjustment

摘要

Based on a simulation, the authors of Newsvendor Demand Chasing Revisited recommended using correlation of orders with lagged demand to measure chasing behavior. They concluded that measuring chasing with regression based on partial adjustment is prone to false positives. We show the purported false positives are due to autocorrelation and recommend using partial adjustment regression-based approaches to evaluate chasing.