Please use this identifier to cite or link to this item: http://hdl.handle.net/10397/22538
Title: Comparative normative optimal behavior in two-echelon multiple-retailer distribution systems for a single-period product
Authors: Lau, AHL
Lau, HS
Keywords: Distribution
Inventory
Newsboy problem
Issue Date: 2003
Publisher: Elsevier
Source: European journal of operational research, 2003, v. 144, no. 3, p. 659-676 How to cite?
Journal: European journal of operational research 
Abstract: Several recent papers extended the classical single-echelon "newsboy model" for style goods to two-echelons. That is, one studies the interactive decisions between the "manufacturer" and the "retailer" - now recognized as two separate entities. However, these papers assumed that there is only one retailer. This paper studies optimal decisions and outcomes pertaining to a system with one manufactory and multiple retail outlets. Compared are the optima from different market/ownership configurations - ranging from a fully integrated system (a single owner owns the manufactory and all retail outlets) to a situation in which all entities are separately owned and the manufacturer charges different retailers different prices ("differential pricing"). Some of our findings appear counter-intuitive; e.g., we show that, from the societal point of view, enforcing uniform pricing is no more desirable that permitting differential pricing.
URI: http://hdl.handle.net/10397/22538
ISSN: 0377-2217
EISSN: 1872-6860
DOI: 10.1016/S0377-2217(02)00145-5
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