Please use this identifier to cite or link to this item: http://hdl.handle.net/10397/62239
Title: Pricing strategy for a two-echelon supply chain with optimized return effort level
Authors: Xie, Y
Tai, AH
Ching, WK
Siu, TK
Keywords: Game theory
Multiple retailers
Price-dependent demand
Pricing
Supply chain
Issue Date: 2016
Publisher: Elsevier
Source: International journal of production economics, 2016, v. 182, p. 185-195 How to cite?
Journal: International journal of production economics 
Abstract: This paper studies a supply chain consisting of one supplier and n retailers. The market demand for each retailer is assumed to be dependent on the difference between the retail price and the average retail price. The supplier considers two wholesale price strategies. In the first strategy, Strategy I, the wholesale prices to all n retailers are the same. In the second strategy, Strategy II, different wholesale prices are given to the retailers on the basis of the effort levels they required on products. The retailers who face retail price-dependent demand have different unit sales costs and determine their effort levels according to their different unit return service costs. We first model the retail price competition behavior of n retailers under the two wholesale price strategies. Then the retailers' optimal retail prices and the supplier's optimal wholesale price in each model are derived using a game theoretic approach. The effects of some key parameters on supply chain decisions and profit are investigated. The properties of retailers' (supplier's) optimal profits under the two wholesale price strategies are studied.
URI: http://hdl.handle.net/10397/62239
ISSN: 0925-5273
DOI: 10.1016/j.ijpe.2016.08.026
Appears in Collections:Journal/Magazine Article

Access
View full-text via PolyU eLinks SFX Query
Show full item record

SCOPUSTM   
Citations

1
Last Week
0
Last month
Citations as of Aug 17, 2017

WEB OF SCIENCETM
Citations

1
Last Week
0
Last month
Citations as of Aug 17, 2017

Page view(s)

29
Last Week
2
Last month
Checked on Aug 13, 2017

Google ScholarTM

Check

Altmetric



Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.