Joint decision on production and pricing for online dual channel supply chain system

Pricing Decisions in Dual-Channel Supply Chain Including Monopolistic Manufacturer and Duopolistic Retailers: A Game-Theoretic Approach

“…Dai et al (2005) analyzed pricing strategies when demands in the retail channel are deterministic as well as stochastic. Huang et al (2012) and (2013) developed a pricing model when production costs are disrupted, while Liu et al (2010), Cao et al (2013) and Mukhopadhyay et al (2008) investigated the impact of asymmetric cost information on the equilibrium prices. Chen et al (2013) investigated pricing policies in a supply chain in which the retailer sells a substitute product produced by another manufacturer in addition to the manufacturer's product.…”

Joint Decision on Ordering and Pricing of Cruise Tourism Supply Chain with Competing Newsboy-Type Retailers

“…(5) All the demands of customers must be met at all times, and the retailers must ensure satisfying the demands of customers through a cost which is larger than the wholesale ticket price and swift transportation from the other retailer to provide to customers [5,12].…”

“…Bernstein and Federgruen [17] and Narayanan and Raman et al [18] investigate decentralized supply chains with competing retailers under demand uncertainty and design contractual arrangements between the parties that allow the decentralized chain to perform as well as a centralized one. In addition, Liu and Zhang et al [12] extend a newsvendor framework to dual channel in which there exists competitions and apply the competitive stochastic customer demand functions to the dual channel supply chain management, and Qi and Wang et al [15] study a make-to-order supply chain with one supplier and two competing retailers under a carbon cap regulation and formulate different pricing models and analyze the respective pricing processes under a carbon cap regulation in a decentralized system considering the competition between the two retailers.…”

“…Third, their framework involves various operational strategies, including consistent and inconsistent wholesale prices for the supplier and consistent and inconsistent retail prices for the two retailers, but our framework involves only two different pricing strategies, and we consider how the total expected profits of both retailers in the alliance case should be allocated by the two retailers, in which case both retailers launch an alliance against the monopoly position of the supplier in cruise industry. Our model is most closely related to Liu and Zhang et al [12]; Liu and Zhang et al [12] set a dual channel newsvendor model and investigate online dual channel supply chain system and its joint decision on production and pricing under information asymmetry; they take more consideration to the impact of information on retailer's optimal decisions and profits of the supplier and retailer. But our work has to consider the limited number of cruise tickets for the supplier.…”

“…Wu and Zhang [11] study ordering and pricing problems for new repeat-purchase products and incorporate the repeat-purchase rate and price effects into the Bass model to characterize the demand pattern which considers two decision models: two-stage decision model and joint decision model. Liu and Zhang et al [12] investigate online dual channel supply chain system and its joint decision on production and pricing under information asymmetry. They extend a newsvendor framework to dual channel in which there exists competitions and apply the competitive stochastic customer demand functions to the dual channel supply chain management.…”