Jointly pricing and ordering for a multi-product multi-constraint newsvendor problem with supplier quantity discounts

We present an extension to the multi-product newsvendor problem by incorporating the retailer’s pricing decision as well as considering supplier quantity discount. The objective is to maximize the expected profit of the retailer through jointly determining the ordering quantities and selling prices...

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Bibliographic Details
Published in:	Applied mathematical modelling Vol. 35; no. 6; pp. 3001 - 3011
Main Authors:	Shi, Jianmai, Zhang, Guoqing, Sha, Jichang
Format:	Journal Article
Language:	English
Published:	Kidlington Elsevier Inc 01.06.2011 Elsevier
Subjects:	Applied sciences Computation Decision theory. Utility theory Discount Discounts Exact sciences and technology Heuristic methods Inventory control, production control. Distribution Logistics Mathematical models Newsvendor Operational research and scientific management Operational research. Management science Order disorder Ordering Pricing Programming Suppliers Supply chain Supply chain Ordering Discount Newsvendor Pricing Used machinery Lagrangian Decision making Newsboy problem Multiple production Modeling Gross domestic product Selling price Quantity discount Retailers Disjunctive programming Heuristic method Profit Capacity constraint By product Logistics
ISSN:	0307-904X
Online Access:	Get full text
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