Jointly pricing and ordering for a multi-product multi-constraint newsvendor problem with supplier quantity discounts
نویسندگان
چکیده
منابع مشابه
Jointly pricing and ordering for a multi-product multi-constraint newsvendor problem with supplier quantity discounts
We present an extension to the multi-product newsvendor problem by incorporating the retailer’s pricing decision as well as considering supplier quantity discount. The objective is to maximize the expected profit of the retailer through jointly determining the ordering quantities and selling prices for the products, subject to multiple capacity constraints. We formulate the problem as a General...
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We consider the joint acquisition and pricing problem where the retailer sells multiple products with uncertain demands and the suppliers provide all unit quantity discounts. The problem is to determine the optimal acquisition quantities and selling prices so as to maximize the retailer’s expected profit, subject to a budget constraint. This is the first extension to consider supplier discounts...
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Supplier selection, which is the basic process of finding the best supplier/suppliers to procure the items regarding various criteria, is an important decision problem to be studied. It becomes more complicated if there are various items and any supplier cannot provide all types of items individually. Such situations are called multi-item, multi-supplier environments and rarely studied in the l...
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Optimal ordering and pricing policy with supplier quantity discounts and price-dependent stochastic demand Jianmai Shi a b , Guoqing Zhang b & Kin Keung Lai c a School of Information System and Management, National University of Defense Technology, Changsha, Hunan, China b Department of Industrial and Manufacturing Systems Engineering, University of Windsor, Windsor ON, Canada c Department of M...
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To minimize procurement expenditures both purchasing and transportation costs need to be considered. We study a procurement setting in which a company needs to purchase a number of products from a set of suppliers to satisfy customer demand. The suppliers offer total quantity discounts and transportation costs are based on truckload shipping rates. The goal is to select a set of suppliers so as...
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ژورنال
عنوان ژورنال: Applied Mathematical Modelling
سال: 2011
ISSN: 0307-904X
DOI: 10.1016/j.apm.2010.12.018