A two-price policy for a newsvendor product supply chain with time and price sensitive demand

Jadidi, Omid; Taghipour, Sharareh; Zolfaghari, Saeed

doi:10.1016/j.ejor.2016.02.033

Cited by 25 publications

(11 citation statements)

References 62 publications

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“…José et al [12] studied the impact of interactive supply chains between freight forwarders on public policy initiatives based on pricing and incentives. Jadidi et al [4] studied the dual price strategy of the newsvendor product supply chain considering the influence of time and price sensitivity on demand. Wang et al [13] studied how the pricing strategy of the supply chain affects profits and social welfare in the case of carbon emission constraints.…”

Section: E Optimal Pricing Decisions Of the Supply Chainmentioning

confidence: 99%

“…At the beginning of the new product launch, the supply was extremely scarce, and Xiaomi took a weekly limited purchase; On March 22, Xiaomi company made a full presale of Xiaomi 9 mobile phone and set the presale period to 3 weeks (http://tech.ifeng.com/a/20190322/45585259_0.shtml). Xiaomi company adopts the same price strategy of presale price, and spot-sale price ( [2,3] also adopt this pricing strategy in their research), and other scholars also adopt differentiated price strategy in their research: for example, the presale price is higher than the on-the-spot price [4], and the presale price is lower than the on-the-spot price [5,6]. It fully demonstrates that, in the context of short supply, when the product supply capacity reaches a certain level, adopting the form of "presale and spot-sale" is an effective sales method.…”

Section: Introductionmentioning

confidence: 99%

See 1 more Smart Citation

Coordination Strategy of the Supply Chain with Consumer Preferences under the “Presale and Spot-Sale” Mode

Cao

Wu²,

Chen

et al. 2020

Mathematical Problems in Engineering

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In recent years, the market economy has been booming, and the demand of consumers has begun to become diversified. Consumers’ preferences for products, the sensitivity of product prices, and other factors can often affect the market demand and also make enterprises realize the importance of consumer preferences. The decision-making model of the supply chain with consumer preference composed of a retailer and a third-party presale platform is established, and we analyze the implementation of a single presale model, a single spot-sale model, and decision-making models under the “presale and sale” mode. The equilibrium strategy of centralized decision and decentralized decision under the mode of “presale and sale” is compared, and the influence of the proportion of informed consumers and the exogenous variables of cross-period discount on supply chain decision is further analyzed. The coordination strategy of the decentralized decision supply chain under the mode of “presale and sale” is put forward, and the coordinated operation among supply chain members is realized. The results show that compared with other sales models, the “presale and spot-sale” model is more beneficial to the profit of the supply chain.

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Section: E Optimal Pricing Decisions Of the Supply Chainmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Coordination Strategy of the Supply Chain with Consumer Preferences under the “Presale and Spot-Sale” Mode

Cao

Wu²,

Chen

et al. 2020

Mathematical Problems in Engineering

View full text Add to dashboard Cite

show abstract

“…This problem is also similar to the traditional newsvendor problem, except that the distribution of market demand is a function of the selling price and is determined by the retailer. After 2000, published research on the uncertainty price in the newsvendor model includes papers such as Dana and Petruzzi (2001), Granot and Yin (2005, 2007), Tang et al (2012), Xu et al (2015), Jadidi et al (2016) and Mandal et al (2018).…”

Section: Literature Reviewmentioning

confidence: 99%

Research on the variable buyback contract

Liu

Yang

2020

JM2

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Purpose Based on the traditional buyback model, this paper aims to propose a new buyback method – the variable buyback contract – to solve the serious inventory backlog in the current economic situation. Design/methodology/approach In this paper, the authors further study the buyback problem in a two-level supply chain with uncertain demand. Such a problem can be found in many research papers, which also use the Stackelberg game model. They put forward many factors that affect the buyback price, including risk preference, random arrival of consumers, etc. Different from the existing research, the authors propose another factor that may affect supply chain buyback – the retailer's remaining inventory to study the buyback contract. Findings First, the authors found that under the variable buyback contract, there is an optimal retail price, wholesale price and an optimal range of parameter settings for the buyback price. Second, the proposed Pareto-optimal solution for system improvement can achieve supply chain coordination. Third, under some conditions, the variable buyback contract is better than the wholesale price contract and fixed-price buyback contract. Originality/value First, this is the first paper to discuss to measure the buyback price with the retailer's remaining inventory. Second, the proposed buyback contract can help decision-makers to choose the optimal improvement strategies. Third, this contract has a certain practical significance, which can effectively alleviate the current inventory backlog problem.

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“…The price and quality levels have been investigated under these three scenarios. In a two-level newsvendor model, Jadidi et al (2016) modeled pricing in two scenarios in which the retailer has two opportunities to purchase a product. These two modes of the model were examined under four contract methods.…”

Section: Literature Reviewmentioning

confidence: 99%

The effect of promotional cost sharing on the decisions of two-level supply chain with uncertain demand

2018

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In much of today's competitive marketplace, consumers have the opportunity to choose where they spend their money based on their examination of a company's corporate social responsibility (CSR). A company's social reputation and its promotional efforts may influence consumer choice. Sustainable development is highly regarded by governments, experts, decision-makers and managers in organizations and two-level supply chains. This supply chain includes a manufacturer (acting as leader) and a retailer (acting as follower), both of whom face demand uncertainty. In this article, the cost of advertising is considered in two ways for the manufacturer and the retailer. In the first model, the retailer determines the optimal retail price and order quantity, and the manufacturer determines the optimal wholesale price and the promotional efforts value so that their profits are maximized. In the second model, the retailer determines the optimal retail price, order quantity, and promotional efforts value, and the manufacturer determines the optimal wholesale price. We will also study the impact of promotional cost sharing on the coordination of the supply chain and the issue will be further explained with numerical examples. Therefore, in this research, the simultaneous effect of increased advertising and value consumer surplus is studied We examine cases when the retailer is a provider of promotional cost and profit, when consumer surplus is directed toward the retailer, and when both retailer and manufacturer achieve higher profits than when the manufacturer is responsible for promotional cost and profit.

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A two-price policy for a newsvendor product supply chain with time and price sensitive demand

Cited by 25 publications

References 62 publications

Coordination Strategy of the Supply Chain with Consumer Preferences under the “Presale and Spot-Sale” Mode

Coordination Strategy of the Supply Chain with Consumer Preferences under the “Presale and Spot-Sale” Mode

Research on the variable buyback contract

The effect of promotional cost sharing on the decisions of two-level supply chain with uncertain demand

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