Pricing and ordering policies for price-dependent demand in a supply chain of a single retailer and a single manufacturer
SCIE
SCOPUS
- Title
- Pricing and ordering policies for price-dependent demand in a supply chain of a single retailer and a single manufacturer
- Authors
- Kim, J; Hong, Y; Kim, T
- Date Issued
- 2011-01
- Publisher
- TAYLOR & FRANCIS LTD
- Abstract
- This article discusses joint pricing and ordering policies for price-dependent demand in a supply chain consisting of a single retailer and a single manufacturer. The retailer places orders for products according to an EOQ policy and the manufacturer produces them on a lot-for-lot basis. Four mechanisms with differing levels of coordination are presented. Mathematical models are formulated and solution procedures are developed to determine the optimal retail prices and order quantities. Through extensive numerical experiments, we analyse and compare the behaviours and characteristics of the proposed mechanisms, and find that enhancing the level of coordination has important benefits for the supply chain.
- Keywords
- pricing and ordering policies; supply chain management; coordination mechanisms; VENDOR-MANAGED INVENTORY; QUANTITY DISCOUNTS; LOT-SIZE; SELLING PRICE; MODEL; DECISIONS; COORDINATION; CHANNEL; PROFIT; SYSTEM
- URI
- https://oasis.postech.ac.kr/handle/2014.oak/25243
- DOI
- 10.1080/00207720903470122
- ISSN
- 0020-7721
- Article Type
- Article
- Citation
- INTERNATIONAL JOURNAL OF SYSTEMS SCIENCE, vol. 42, no. 1, page. 81 - 89, 2011-01
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