With the increasing public awareness of environmental issues, green production has become an important issue for supply chain management. This study proposes analytical model to investigate dual-channel decisions a retailer and competitive supplier; latter suffers from unreliable yield. The retailer’s responsibility is considered as two-echelon in which promotes product their marketplace throug...

Asymmetric pricing is the phenomenon where prices rise more readily than they fall. We articulate, and provide empirical support for, a theory of asymmetric pricing in wholesale prices. In particular, we show how wholesale prices may be asymmetric in the small but symmetric in the large, when retailers face costs of price adjustments. Such retailers will not adjust prices for small changes in t...

Vertical separation of generation from electricity retailing has often been required as a condition of electricity market liberalisation. A well-developed and liquid contracts market is similarly suggested as necessary to manage the resulting wholesale market risks, which risks are further exacerbated by competition. Such contracts markets are rare, however, and increasingly evidence is emergin...

Almost all research into the operations and behavior of salespeople has focused on sales at the retail level. But in many supply chains, manufacturers use a sales force to promote sales and improve coordination with retailers. In this note, we add an important piece to the science of sales operations by investigating the impact of two primary tasks performed by wholesale-salespersons: (1) enhan...

We consider a supply chain in which a manufacturer sells to a procure-to-stock retailer facing a newsvendor problem with a forecast update. Under a wholesale price contract, the retailer waits as long as she can and optimally places her order after observing the forecast update. We show that the retailer’s wait-and-decide strategy, induced by the wholesale price contract, hinders the manufactur...

With the introduction of the Euro, a single European money market has emerged. Further wholesale financial markets are considered to be highly integrated within the European Union. However, integration in retail financial markets is less advanced. For measuring financial market integration this distinction between wholesale and retail markets becomes crucial. There is a wide literature relating...

MARKETING BOARDS, FERTILIZER SUBSIDIES, PRICES, & SMALLHOLDER BEHAVIOR: MODELING & POLICY IMPLICATIONS FOR ZAMBIA By Nicole Marie Mason Grain marketing boards (GMBs), strategic grain reserves (SGRs), and fertilizer subsidies have experienced a renaissance in eastern and southern Africa over the last decade. Relatively little is known about how the re-emergence of GMBs/SGRs as major players in m...

This paper details the development and evaluation of AstonTAC, an energy broker that successfully participated in the 2012 Power Trading Agent Competition (Power TAC). AstonTAC buys electrical energy from the wholesale market and sells it in the retail market. The main focus of the paper is on the broker’s bidding strategy in the wholesale market. In particular, it employs Markov Decision Proce...