Optimal pricing strategy for the perishable food supply chain

Chen, Xu; Wu, Shuyao; Wang, Xiaojun; Li, Dong

doi:10.1080/00207543.2018.1557352

Cited by 63 publications

(38 citation statements)

References 41 publications

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“…There are two aspects, including the price markdown costs and it is related to some parameters such as potential customer quantity and market price fluctuations. These two factors affect the optimal choice of pricing strategy of the enterprises in the perishable food supply chain [37]. Meanwhile, the perceived consumer in developing countries has changed significantly in recent years.…”

Section: Literature Reviewmentioning

confidence: 99%

Two-Stage Production System Pondering upon Corporate Social Responsibility in Food Supply Chain: A Case Study

et al. 2021

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Corporate social responsibility (CSR) has witnessed remarkable attention in academic studies as well as being widely conducted in different industries globally. This specific case was chosen as one of the biggest dairy companies that may be represented for Vietnam dairy supply chain management. This research aims to integrate CSR initiatives into food supply chain management to clarify the optimal replenishment policy, paying close attention to the relationship between midstream manufacturers and final customers. The classical economic production quantity model has been employed, relying on the two-stage assembly production system. The three parameters that contribute to the total profit formulation that have been considered consist of the social charity amount for per unit selling, the unit wholesale price of the manufacturer, and the return rate of used goods from the customer. The study has stressed that there is a significant impact from implementing CSR initiatives on the enterprise’s inventory policy that leads to enhance the firm’s financial performance.

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Section: Literature Reviewmentioning

confidence: 99%

Two-Stage Production System Pondering upon Corporate Social Responsibility in Food Supply Chain: A Case Study

et al. 2021

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“…There is a growing stream of literature that discusses the importance of the strategy choices between online platform firms and vendors that focuses on the trade-offs between alternative options. Previous research addressing this general question has focused on channel competition and coordination (Cai, 2010;Ryan et al, 2012;Chen et al, 2017), online and offline channel integration (Gallino and Moreno, 2014;Cao and Li, 2015), channel structure and choice (Yoo and Lee, 2011;Chen, and Wang, 2015;Luo et al, 2017;Tian et al, 2018) and information asymmetry (Mukhopadhyay et al, 2008;Jiang et al, 2011;Chen et al, 2019b). Our focus is different, as the goal of this paper is to examine the differences of firms' choices among alternative commission pricing strategies when engaging online platform retailing operations.…”

Section: Introductionmentioning

confidence: 99%

Commission Pricing Strategy on Online Retail Platforms: Power and Dependence in Triad

Chen

Zheng

Wang

2022

IEEE Trans. Eng. Manage.

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With the increasing popularity of online retailing, this research investigates the alternative online operation strategies regarding commission price when selling through online platforms. We exploit a triadic network setting that consists of one online platform firm and two competing vendors and examine the strategic choice of the involved parties to effectively compete in the marketplace. We develop game models for alternative commission pricing strategies and obtain the equilibrium solutions. Through a comparison of equilibrium solutions, our analysis reveals that alternative commission pricing strategies lead to different economic results for the online platform and the two vendors individually and collectively. While vendors can take necessary actions (e.g., an additional fee for an exclusive pricing right) to maximize their own benefit, competing vendors can also respond to their rival's strategic choice to minimize the negative impact of the deal reached by the other two parties. Our findings also suggest that the exclusive pricing right that the lead vendor tried to secure results in a higher commission fee paid to the online platform. Through modelling strategic behavior and consequential economic results in the setting of a triad network, our research also responds to the proposition that structural and behavioral approaches represent incommensurable ideas, and we show that a combined theoretical strategy appears well-adapted to the complex realities of interfirm networks.

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“…This is a mathematical approach usually used in formulating and analyzing competitive situations and conflicts between players and the results were used for the interactive decision-making process involving more than one decision-maker with different goals (Maschler, Solan, and Zamir 2013;Brown and Shoham 2008). The approach has been widely used to determine alternative options of supply chain channels for agricultural products towards providing adequate revenue for the stakeholders (Courtois and Subervie 2014;Prasad, Shankar, and Roy 2019;Chen et al 2018;Z. Liu et al 2018;Song and Zhuang 2017;Behzadi et al 2018;Tabrizi, Ghodsypour, and Ahmadi 2018).…”

Section: Introductionmentioning

confidence: 99%

Demand Allocation and Profit Sharing to Improve Salt Farmer’s Revenue: A Cooperative Game Approach

Maflahah

Wirjodirdjo

Karningsih

2021

Preprint

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The main problem of the salt supply chain system is the oligopoly market structure dominated by middlemen which reduces the bargaining power of farmers. It has, however, been discovered that vertical collaboration (farmers to cooperatives) and horizontal collaboration (farmers to farmers) models have the ability to increase farmers' revenue. Therefore, this research was conducted to determine the effect of both horizontal and vertical collaboration models on the salt supply chain system with the expectation to increase farmers' revenue. This involved the application of the cooperative game theory with Shapley's value used as the basis for decision making. The result showed that the collaboration of stakeholders in the salt supply chain system has the ability to increase farmers' revenue, especially when they sell a maximum of 20% of their products through cooperatives and the rest through middlemen. This means the existence of farmers as cooperative members has a positive impact as observed in the revenue increment. Therefore, it is recommended that cooperatives improve their functions and roles as providers of savings and loans and market seekers, determine the appropriate prices for salt, and improve the quality of the products produced by their members. Moreover, a collaboration between farmers is mutually beneficial and this means efforts should be made to ensure cooperation, especially for small farmers.

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Optimal pricing strategy for the perishable food supply chain

Cited by 63 publications

References 41 publications

Two-Stage Production System Pondering upon Corporate Social Responsibility in Food Supply Chain: A Case Study

Two-Stage Production System Pondering upon Corporate Social Responsibility in Food Supply Chain: A Case Study

Commission Pricing Strategy on Online Retail Platforms: Power and Dependence in Triad

Demand Allocation and Profit Sharing to Improve Salt Farmer’s Revenue: A Cooperative Game Approach

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