{"status":"ok","message-type":"work","message-version":"1.0.0","message":{"indexed":{"date-parts":[[2025,9,11]],"date-time":"2025-09-11T19:23:45Z","timestamp":1757618625045,"version":"3.44.0"},"reference-count":28,"publisher":"Springer Science and Business Media LLC","issue":"3","license":[{"start":{"date-parts":[[2025,7,8]],"date-time":"2025-07-08T00:00:00Z","timestamp":1751932800000},"content-version":"tdm","delay-in-days":0,"URL":"https:\/\/www.springernature.com\/gp\/researchers\/text-and-data-mining"},{"start":{"date-parts":[[2025,7,8]],"date-time":"2025-07-08T00:00:00Z","timestamp":1751932800000},"content-version":"vor","delay-in-days":0,"URL":"https:\/\/www.springernature.com\/gp\/researchers\/text-and-data-mining"}],"funder":[{"DOI":"10.13039\/501100001809","name":"National Natural Science Foundation of China","doi-asserted-by":"publisher","award":["11871116"],"award-info":[{"award-number":["11871116"]}],"id":[{"id":"10.13039\/501100001809","id-type":"DOI","asserted-by":"publisher"}]},{"DOI":"10.13039\/501100001809","name":"National Natural Science Foundation of China","doi-asserted-by":"publisher","award":["11971074"],"award-info":[{"award-number":["11971074"]}],"id":[{"id":"10.13039\/501100001809","id-type":"DOI","asserted-by":"publisher"}]},{"DOI":"10.13039\/501100001809","name":"National Natural Science Foundation of China","doi-asserted-by":"publisher","award":["62176025"],"award-info":[{"award-number":["62176025"]}],"id":[{"id":"10.13039\/501100001809","id-type":"DOI","asserted-by":"publisher"}]}],"content-domain":{"domain":["link.springer.com"],"crossmark-restriction":false},"short-container-title":["Ann Oper Res"],"published-print":{"date-parts":[[2025,8]]},"DOI":"10.1007\/s10479-025-06679-5","type":"journal-article","created":{"date-parts":[[2025,7,8]],"date-time":"2025-07-08T10:04:04Z","timestamp":1751969044000},"page":"1767-1802","update-policy":"https:\/\/doi.org\/10.1007\/springer_crossmark_policy","source":"Crossref","is-referenced-by-count":0,"title":["A loss-averse ordering strategy with a piecewise-formed reference point"],"prefix":"10.1007","volume":"351","author":[{"ORCID":"https:\/\/orcid.org\/0000-0003-3049-5836","authenticated-orcid":false,"given":"Chengzhi","family":"Fang","sequence":"first","affiliation":[]},{"ORCID":"https:\/\/orcid.org\/0000-0001-5603-6350","authenticated-orcid":false,"given":"Yongjiang","family":"Guo","sequence":"additional","affiliation":[]},{"given":"Zhaofeng","family":"He","sequence":"additional","affiliation":[]}],"member":"297","published-online":{"date-parts":[[2025,7,8]]},"reference":[{"issue":"2","key":"6679_CR1","doi-asserted-by":"publisher","first-page":"342","DOI":"10.1287\/opre.2015.1358","volume":"63","author":"H Abouee-Mehrizi","year":"2015","unstructured":"Abouee-Mehrizi, H., Berman, O., & Sharma, S. (2015). Optimal joint replenishment and transshipment policies in a multi-period inventory system with lost sales. Operations Research, 63(2), 342\u2013350.","journal-title":"Operations Research"},{"key":"6679_CR2","doi-asserted-by":"crossref","unstructured":"Cachon G.P. (2003). Supply chain coordination with contracts, chapter 6 in handbooks in operations research & management science, A.G. de Kok and S.C. Graves, Eds., (Vol. 11, pp. 229\u2013339).","DOI":"10.1016\/S0927-0507(03)11006-7"},{"issue":"5","key":"6679_CR3","doi-asserted-by":"publisher","first-page":"629","DOI":"10.1287\/mnsc.47.5.629.10486","volume":"47","author":"GP Cachon","year":"2001","unstructured":"Cachon, G. P., & Lariviere, M. (2001). Contracting to assure supply: How to share demand forecasts in a supply chain. Management Science, 47(5), 629\u2013646.","journal-title":"Management Science"},{"issue":"1","key":"6679_CR4","doi-asserted-by":"publisher","first-page":"45","DOI":"10.1016\/S0305-0483(01)00054-8","volume":"30","author":"RJ Casimir","year":"2002","unstructured":"Casimir, R. J. (2002). The value of information in the multi-item newsboy problem. Omega, 30(1), 45\u201350.","journal-title":"Omega"},{"key":"6679_CR5","doi-asserted-by":"crossref","unstructured":"Chen, F. R. (2003). Information sharing and supply chain coordination, handbooks in operations research & management science, A.G. de Kok and S.C. Graves, Eds., (vol. 11, pp. 341\u2013421).","DOI":"10.1016\/S0927-0507(03)11007-9"},{"issue":"5","key":"6679_CR6","doi-asserted-by":"publisher","first-page":"786","DOI":"10.1287\/mnsc.41.5.786","volume":"41","author":"L Eeckhoudt","year":"1995","unstructured":"Eeckhoudt, L., Gollier, C., & Schlesinger, H. (1995). The risk-averse (and prudent) newsboy. Management Science, 41(5), 786\u2013794.","journal-title":"Management Science"},{"issue":"11","key":"6679_CR7","doi-asserted-by":"publisher","first-page":"1469","DOI":"10.1287\/mnsc.43.11.1469","volume":"43","author":"GD Eppen","year":"1997","unstructured":"Eppen, G. D., & Iyer, A. V. (1997). Backup agreements in fashion buying-the value of upstream flexibility. Management science, 43(11), 1469\u20131484.","journal-title":"Management science"},{"issue":"3","key":"6679_CR8","doi-asserted-by":"publisher","first-page":"230","DOI":"10.1287\/msom.3.3.230.9889","volume":"3","author":"M Fisher","year":"2001","unstructured":"Fisher, M., Rajaram, K., & Raman, A. (2001). Optimizing inventory replenishment of retail fashion products. Manufacturing & Service Operations Management, 3(3), 230\u2013241.","journal-title":"Manufacturing & Service Operations Management"},{"issue":"3","key":"6679_CR9","doi-asserted-by":"publisher","first-page":"429","DOI":"10.1016\/j.econlet.2013.05.035","volume":"120","author":"F Herweg","year":"2013","unstructured":"Herweg, F. (2013). The expectation-based loss-averse newsvendor. Economics Letters, 120(3), 429\u2013432.","journal-title":"Economics Letters"},{"issue":"2","key":"6679_CR10","doi-asserted-by":"publisher","first-page":"263","DOI":"10.2307\/1914185","volume":"47","author":"D Kahneman","year":"1979","unstructured":"Kahneman, D., & Tversky, A. (1979). Prospect theory: An analysis of decision under risk. Econometrica, 47(2), 263\u2013292.","journal-title":"Econometrica"},{"issue":"4","key":"6679_CR11","first-page":"1133","volume":"121","author":"B K\u0151szegi","year":"2006","unstructured":"K\u0151szegi, B., & Rabin, M. (2006). A model of reference-dependent preferences. The Quarterly Journal of Economics, 121(4), 1133\u20131165.","journal-title":"The Quarterly Journal of Economics"},{"issue":"12","key":"6679_CR12","doi-asserted-by":"publisher","first-page":"3009","DOI":"10.1287\/mnsc.2014.2050","volume":"61","author":"X Long","year":"2014","unstructured":"Long, X., & Nasiry, J. (2014). Prospect theory explains newsvendor behavior: The role of reference points. Management Sciences, 61(12), 3009\u20133012.","journal-title":"Management Sciences"},{"issue":"4","key":"6679_CR13","doi-asserted-by":"publisher","first-page":"1057","DOI":"10.1287\/mnsc.2013.1804","volume":"60","author":"M Nagarajan","year":"2014","unstructured":"Nagarajan, M., & Shechter, S. (2014). Prospect theory and the newsvendor problem. Management Science, 60(4), 1057\u20131062.","journal-title":"Management Science"},{"issue":"2","key":"6679_CR14","doi-asserted-by":"publisher","first-page":"183","DOI":"10.1287\/opre.47.2.183","volume":"47","author":"NC Petruzzi","year":"1999","unstructured":"Petruzzi, N. C., & Dada, M. (1999). Pricing and the newsvendor problem: A review with extensions. Operations Research, 47(2), 183\u2013194.","journal-title":"Operations Research"},{"issue":"3","key":"6679_CR15","doi-asserted-by":"publisher","first-page":"404","DOI":"10.1287\/mnsc.46.3.404.12070","volume":"46","author":"ME Schweitzer","year":"2000","unstructured":"Schweitzer, M. E., & Cachon, G. P. (2000). Decision bias in the newsvendor problem with a known demand distribution: Experimental evidence. Management Science, 46(3), 404\u2013420.","journal-title":"Management Science"},{"issue":"10","key":"6679_CR17","doi-asserted-by":"publisher","first-page":"1339","DOI":"10.1287\/mnsc.45.10.1339","volume":"45","author":"A Tsay","year":"1999","unstructured":"Tsay, A. (1999). Quantity-flexibility contract and supplier-customer incentives. Management Science, 45(10), 1339\u20131358.","journal-title":"Management Science"},{"issue":"2","key":"6679_CR18","doi-asserted-by":"publisher","first-page":"89","DOI":"10.1287\/msom.1.2.89","volume":"1","author":"AA Tsay","year":"1999","unstructured":"Tsay, A. A., & Lovejoy, W. S. (1999). Quantity flexibility contracts and supply chain performance. Manufacturing & Service Operations Management, 1(2), 89\u2013111.","journal-title":"Manufacturing & Service Operations Management"},{"issue":"4","key":"6679_CR19","doi-asserted-by":"publisher","first-page":"1039","DOI":"10.2307\/2937956","volume":"106","author":"A Tversky","year":"1991","unstructured":"Tversky, A., & Kahneman, D. (1991). Loss aversion in riskless choice: A reference-dependent model. The Quarterly Journal of Economics, 106(4), 1039\u20131061.","journal-title":"The Quarterly Journal of Economics"},{"key":"6679_CR20","doi-asserted-by":"publisher","first-page":"297","DOI":"10.1007\/BF00122574","volume":"5","author":"A Tversky","year":"1992","unstructured":"Tversky, A., & Kahneman, D. (1992). Advances in prospect theory: Cumulative representation of uncertainty. Journal of Risk & Uncertainty, 5, 297\u2013323.","journal-title":"Journal of Risk & Uncertainty"},{"issue":"2","key":"6679_CR21","doi-asserted-by":"publisher","first-page":"448","DOI":"10.1016\/j.ijpe.2009.12.007","volume":"124","author":"CX Wang","year":"2009","unstructured":"Wang, C. X. (2009). The loss-averse newsvendor game. International Journal of Production Economics, 124(2), 448\u2013452.","journal-title":"International Journal of Production Economics"},{"issue":"1","key":"6679_CR22","doi-asserted-by":"publisher","first-page":"93","DOI":"10.1016\/j.omega.2006.08.003","volume":"37","author":"CX Wang","year":"2009","unstructured":"Wang, C. X., & Webster, S. (2009). The loss-averse newsvendor problem. Omega, 37(1), 93\u2013105.","journal-title":"Omega"},{"issue":"3","key":"6679_CR23","doi-asserted-by":"publisher","first-page":"361","DOI":"10.1111\/j.1540-5915.2007.00163.x","volume":"38","author":"CX Wang","year":"2010","unstructured":"Wang, C. X., & Webster, S. (2010). Channel coordination for a supply chain with a risk-neutral manufacturer and a loss-averse retailer. Decision Sciences, 38(3), 361\u2013389.","journal-title":"Decision Sciences"},{"issue":"2","key":"6679_CR24","doi-asserted-by":"publisher","first-page":"544","DOI":"10.1016\/j.ejor.2008.04.002","volume":"196","author":"CX Wang","year":"2009","unstructured":"Wang, C. X., Webster, S., & Suresh, N. C. (2009). Would a risk-averse newsvendor order less at a higher selling price? European Journal of Operational Research, 196(2), 544\u2013553.","journal-title":"European Journal of Operational Research"},{"key":"6679_CR25","doi-asserted-by":"publisher","first-page":"1","DOI":"10.1016\/j.omega.2017.08.007","volume":"80","author":"RP Wang","year":"2017","unstructured":"Wang, R. P., & Wang, J. T. (2017). Procurement strategies with quantity-oriented reference point and loss aversion. Omega, 80, 1\u201311.","journal-title":"Omega"},{"issue":"1","key":"6679_CR26","doi-asserted-by":"publisher","first-page":"61","DOI":"10.1287\/mnsc.2.1.61","volume":"2","author":"TM Whitin","year":"1955","unstructured":"Whitin, T. M. (1955). Inventory control and price theory. Management Science, 2(1), 61\u201368.","journal-title":"Management Science"},{"key":"6679_CR27","doi-asserted-by":"publisher","first-page":"99","DOI":"10.1016\/j.omega.2017.10.003","volume":"81","author":"M Wu","year":"2018","unstructured":"Wu, M., Bai, T., & Zhu, X. S. (2018). A loss averse competitive newsvendor problem with anchoring. Omega, 81, 99\u2013111.","journal-title":"Omega"},{"issue":"3","key":"6679_CR28","doi-asserted-by":"publisher","first-page":"525","DOI":"10.1002\/asmb.2593","volume":"37","author":"K Xie","year":"2020","unstructured":"Xie, K., & Guo, Y. (2020). The competitive loss-averse newsvendor problem with quantity-oriented reference point. Applied Stochastic Models in Business and Industry, 37(3), 525\u2013544.","journal-title":"Applied Stochastic Models in Business and Industry"},{"issue":"1","key":"6679_CR29","doi-asserted-by":"publisher","first-page":"87","DOI":"10.1287\/mnsc.38.1.87","volume":"38","author":"YS Zheng","year":"1992","unstructured":"Zheng, Y. S. (1992). On properties of stochastic inventory systems. Management Science, 38(1), 87\u2013103.","journal-title":"Management Science"}],"container-title":["Annals of Operations Research"],"original-title":[],"language":"en","link":[{"URL":"https:\/\/link.springer.com\/content\/pdf\/10.1007\/s10479-025-06679-5.pdf","content-type":"application\/pdf","content-version":"vor","intended-application":"text-mining"},{"URL":"https:\/\/link.springer.com\/article\/10.1007\/s10479-025-06679-5\/fulltext.html","content-type":"text\/html","content-version":"vor","intended-application":"text-mining"},{"URL":"https:\/\/link.springer.com\/content\/pdf\/10.1007\/s10479-025-06679-5.pdf","content-type":"application\/pdf","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2025,9,7]],"date-time":"2025-09-07T01:28:27Z","timestamp":1757208507000},"score":1,"resource":{"primary":{"URL":"https:\/\/link.springer.com\/10.1007\/s10479-025-06679-5"}},"subtitle":[],"short-title":[],"issued":{"date-parts":[[2025,7,8]]},"references-count":28,"journal-issue":{"issue":"3","published-print":{"date-parts":[[2025,8]]}},"alternative-id":["6679"],"URL":"https:\/\/doi.org\/10.1007\/s10479-025-06679-5","relation":{},"ISSN":["0254-5330","1572-9338"],"issn-type":[{"type":"print","value":"0254-5330"},{"type":"electronic","value":"1572-9338"}],"subject":[],"published":{"date-parts":[[2025,7,8]]},"assertion":[{"value":"12 January 2023","order":1,"name":"received","label":"Received","group":{"name":"ArticleHistory","label":"Article History"}},{"value":"16 May 2025","order":2,"name":"accepted","label":"Accepted","group":{"name":"ArticleHistory","label":"Article History"}},{"value":"8 July 2025","order":3,"name":"first_online","label":"First Online","group":{"name":"ArticleHistory","label":"Article History"}}]}}