We present a general solution framework for the price-setting newsvendor problem with a multiplicative stochastic demand. Under mild assumptions, such as increasing price elasticity on the mean demand function and increasing generalized failure rate on the distribution of the random factor, we...

We study optimal pricing and order policies in supply chain management of fashion products (e.g., a fashion apparel category) with consideration of product returns between supply chain partners (B2B). In order to study channel performance and optimal policies, two stochastic models for...

We study the acquisition and production planning problem for a hybrid manufacturing/remanufacturing system with core acquisition at two (high and low) quality conditions. We model the problem as a stochastic dynamic programming, derive the optimal dynamic acquisition pricing and production...

We consider a supply chain in which a producer supplies a fresh product, through a third-party logistics (3PL) provider, to a distant market where a distributor purchases and sells it to end customers. The product is perishable, both the quantity and quality of which may deteriorate during the...

Keren [The single-period inventory problem: extension to random yield from the perspective of the supply chain. Omega 2009;37:801–10] considers a supply chain in which the distributor faces a known demand and orders from the producer subject to a random production yield, and shows that the...

This paper explores a generalized supply chain model subject to supply uncertainty after the supplier chooses the production input level. Decentralized systems under wholesale price contracts are investigated, with double marginalization effects shown to lead to supply insufficiencies, in the...

In this paper, we investigate a manpower planning problem with single employee type over a long planning horizon. The dynamic demand for manpower must be fulfilled by allocating enough number of employees and each employee has a minimal employment period. A cost objective is concerned where the...