
Behavioral inventory-management research leverages ideas and methodologies commonly used in behavioral economics and psychology to advance our understanding of the role of human behavior in inventory management. In this chapter, we first review some of the early papers in this area organized by problem setting. We describe the history and notable papers in the two largest streams: the newsvendor and serial supply chain settings. We then discuss how behavioral science can advance inventory research by describing three different pathways for improving inventory performance: correcting sub-optimal decision behavior, responding to others’ behavioral patterns, and designing processes and systems for behavioral regularities. For each pathway, we provide recent examples from the literature. We conclude by discussing contemporary research opportunities in this sub-field involving other types of human decisions, beyond the inventory decisions typically considered.
| selected citations These citations are derived from selected sources. This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically). | 7 | |
| popularity This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network. | Top 10% | |
| influence This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically). | Average | |
| impulse This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network. | Top 10% |
