Journal ArticleDOI
Pricing discount for a supply chain coordination policy with price dependent demand
Shen-Lian Chung,Hui-Ming Wee +1 more
TLDR
In this article, the authors developed a mathematical supply chain inventory model that concurrently decides the discount price, the number of deliveries and the ordering cycle time with linearly declining price dependent demand under different profit-sharing ratios.Abstract:
Pricing policy of an enterprise has great influenced the development of a supply chain coordination strategy. The joint decision policy characterized by the selling price, order quantity and replenishment schedule is coordinated through pricing discount. The major aim of this study is to develop an optimum replenishment and pricing policy by maximizing the supplier, manufacturer and retailer's shared profit in a price-sensitive demand with reciprocal collaboration. This study develops a mathematic supply chain inventory model that concurrently decides the discount price, the number of deliveries and the ordering cycle time with linearly declining price dependent demand under different profit-sharing ratios. A numerical example explicates the theory with different profit-sharing ratios and negotiation factors.read more
Citations
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Journal ArticleDOI
Integrated inventory models considering the two-level trade credit policy and a price-negotiation scheme
Liang-Hsuan Chen,Fu Sen Kang +1 more
TL;DR: The results indicate that the total profit from the buyer and vendor together can increase, although a price discount is given to the buyer in the proposed models.
Journal ArticleDOI
Coordinating supplier retailer and carrier with price discount policy
Liying Li,Yong Wang,Wei Dai +2 more
TL;DR: In this article, the authors add a carrier to a supplier-retailer system and analyze the effect of double marginalization on pricing policies, and show that joint profit increases because demand increases, whereas unit operating cost decreases as a result of joint coordination.
Journal ArticleDOI
A non-instantaneous inventory model of agricultural products considering deteriorating impacts and pricing policies
TL;DR: The research provides insights to retailers on making optimal pricing and replenishment decisions for non-instantaneous deterioration items, as well as reducing the external factors that influence higher deterioration rate through separating good products from the near defective ones which are sold at a discount to induce the sale.
Journal ArticleDOI
Supply Chain Coordination Models: A Literature Review
TL;DR: In this article, the authors present the literature based on different Supply Chain (SC) coordination mechanisms and explore various coordination models proposed by various researchers from the literature, including trade credit, quantity discounts, revenue sharing contract and information sharing.
Journal ArticleDOI
Optimal lot sizing and inventory decisions in a centralised and decentralised two echelon inventory system with price dependent demand
TL;DR: In this article, an integrated inventory model for optimal lot sizing and inventory decisions for centralised and decentralised supply chain with a single customer and single supplier considering ordering/setup costs, carrying costs and transportation costs of respective entities has been developed.
References
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Journal ArticleDOI
Optimal Policies for a Multi-Echelon Inventory Problem
Andrew J. Clark,Herbert E. Scarf +1 more
TL;DR: The problem of determining optimal purchasing quantities in a multi-installation model of this type, which arises when there are several installations, is considered.
Journal ArticleDOI
An integrated inventory model for a single supplier-single customer problem
TL;DR: In this article, the method given in this paper is typically applicable to those inventory problems where a product is procured by a single customer from a single supplier and an example has been solved to illustrate the method.
Journal ArticleDOI
A Quantity Discount Pricing Model to Increase Vendor Profits
TL;DR: In this article, the authors analyze how a supplier can structure the terms of an optimal quantity discount schedule to maximize the supplier's incremental net profit and cash flow by adjusting its present pricing schedule to entice a major customer to increase its present order size by a factor of "K".
Journal ArticleDOI
Channel coordination and quantity discounts
TL;DR: In this paper, the authors present a model for analyzing the impact of joint decision policies on channel coordination in a system consisting of a supplier and a group of homogeneous buyers, where the joint decision policy characterized by the unit selling price and the order quantity is coordinated through quantity discounts and franchise fees.
Journal ArticleDOI
Information sharing in supply chains
TL;DR: In this paper, the authors proposed to reduce the bullwhip effect in supply chains by strategic partnership, which leads to increased information flows, reduced uncertainty, and a more profitable supply chain.