Profit Optimization for Zero Ending Inventories Dynamic Pricing Model under Stochastic Demand and Fixed Lifetime Product

Kitaeva, Anna V.; Stepanova, Natalia; Zhukovskaya, Alexandra O.

doi:10.1016/j.ifacol.2020.12.2796

Cited by 3 publications

(2 citation statements)

References 4 publications

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“…As shown in Table 8, the profit of EGC 1 is higher than EGC 2 due to the high product price. Our findings verify previous studies (Kitaeva et al, 2020) in terms of profit optimization. Our method and results align with Miao et al (2022) in support of pricing strategy by considering profit.…”

Section: Resultssupporting

confidence: 93%

“…Our method and results align with Miao et al (2022) in support of pricing strategy by considering profit. We modify Kitaeva et al (2020) and Miao et al (2022) by taking into account profit maximization, product pricing decisions, and decisions of carbon neutrality simultaneously. For carbon emission reduction, these results modify earlier studies (Tan et al, 2022; You et al, 2022; Caineng et al, 2021) about carbon neutrality and extend them to reduce carbon emissions.…”

Section: Resultsmentioning

confidence: 99%

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A green path towards sustainable development: Optimal behavior of the duopoly game model with carbon neutrality instruments

Hussain

Lee

2022

Sustainable Development

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Carbon emission is a global issue, and China is facing many problems to resolve it, especially in emission‐generating companies (EGCs). To maintain sustainable development, it is necessary to reduce carbon emissions for the well‐being of society, and carbon neutrality can play an important role. With China targeting the goal of carbon neutrality to reduce carbon emissions, this research aims to bridge the gap in the literature by considering carbon neutrality instruments in a duopoly market. The study sets up a mathematical model of the duopoly game to achieve desired objectives and then applies a simulation‐based optimization technique to examine the mathematical model under different experiments. After manipulating various scenarios to find the optimal values of carbon neutrality instruments, the results indicate that green bond provision, emission tax, and emission quota play a vital role in carbon neutrality. Different combinations of carbon neutrality instruments reduce various levels of carbon emissions. We further show that a combination of emission tax upon EGCs plays a key role in reducing carbon emissions during the fifth scenario. In the second scenario, a combination of green bond provision and emission tax reduces carbon emissions, but is lower than the fifth scenario. This research offers a reference for policymakers to move towards carbon neutrality, and it is beneficial for the government to decide the optimal values of carbon neutrality instruments.

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Section: Resultssupporting

confidence: 93%

Section: Resultsmentioning

confidence: 99%

A green path towards sustainable development: Optimal behavior of the duopoly game model with carbon neutrality instruments

Hussain

Lee

2022

Sustainable Development

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Convergence rate of mean-square error of kernel estimators of non-homogeneous Poisson process intensity function

Kitaeva

Kolupaev

Stepanova

et al. 2020

J. Phys.: Conf. Ser.

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Dynamic Pricing in E-commerce: Bibliometric Analysis

Poláček,

Ulman,

Cihelka

et al. 2024

AIP

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The paper is designed to present the development of scientific research into dynamic pricing in the e-commerce industry. Researchers all over the world attempt to investigate the influence of dynamic pricing on revenue and operational costs and propose models to solve operational or strategic problems in different industries, including e-commerce. In order to understand the level of development of dynamic pricing in e-commerce, a bibliometric analysis is performed. The analysis covers 153 papers collected from the Web of Science database. The analysis reveals that while dynamic pricing research is widespread, it is often explored in industries beyond e-commerce. Key industries, including electricity, airlines, home delivery, transportation and hospitality, have also adopted dynamic pricing strategies. The study highlights the growth of interest in dynamic pricing in e-commerce since 2001, with a peak in 2021. The results represent the growing interest among researchers in dynamic pricing in e-commerce in line with the development of e-commerce as an industry. The analysis underscores the ongoing relevance and expanding scope of research in this domain, with many unexplored aspects and challenges in the dynamic pricing strategies employed by e-commerce businesses.

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Profit Optimization for Zero Ending Inventories Dynamic Pricing Model under Stochastic Demand and Fixed Lifetime Product

Cited by 3 publications

References 4 publications

A green path towards sustainable development: Optimal behavior of the duopoly game model with carbon neutrality instruments

A green path towards sustainable development: Optimal behavior of the duopoly game model with carbon neutrality instruments

Convergence rate of mean-square error of kernel estimators of non-homogeneous Poisson process intensity function

Dynamic Pricing in E-commerce: Bibliometric Analysis

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