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We analyze the problem of time-dependent channel coordination in the face of uncertain demand. The channel, composed of a manufacturer and a retailer, is to address a time-varying and uncertain price-dependent demand. The decision variables of the manufacturer are wholesale and (possibly zero)...
Persistent link: https://www.econbiz.de/10012863223
Almost every vendor faces uncertain and time-varying demand. Inventory level and price optimization while catering to stochastic demand are conventionally formulated as variants of newsvendor problem. Despite its ubiquity in potential applications, the time-dependent (multi-period) newsvendor...
Persistent link: https://www.econbiz.de/10012863225
Supply channels typically face uncertain and time-varying demand. Nonetheless, time-dependent channel optimization while addressing uncertain demand has received limited attention due to the high level of complexity of the ensuing nested equilibrium problems. The level of complexity rises when...
Persistent link: https://www.econbiz.de/10012863226
In this study, we extend the single-period newsvendor problem with stochastic demand into a multi-period and time-dependent one and find a solution for it. We analyze the multi-period newsvendor problem with stochastic demand in a Stackelberg framework where the wholesaler is the leader and the...
Persistent link: https://www.econbiz.de/10012994272
Duopolistic price-setting supply channels competing in a bilevel framework have been extensively studied in single-period (static) settings. However, such supply channels typically face uncertain and time-varying demand; and thus require a dynamic analysis. Dynamic channel optimization while...
Persistent link: https://www.econbiz.de/10014077675