The newsvendor problem with capacitated suppliers and quantity discounts

Mohammadivojdan, Roshanak; Geunes, Joseph

doi:10.1016/j.ejor.2018.05.015

Cited by 23 publications

(11 citation statements)

References 28 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Relevant representative studies on SRPS can be found in literature [19][20][21][22][23][24][25][26][27], where the ordering decision of retailers selling products to customers at a single price is to minimize cost and/or maximize profit and the quantity discounts provided by suppliers include allunits discount, incremental discount, and other discounts. For example, Chen & Ho [19,20] focused on incremental quantity discounts and all-units discounts, respectively, to find the optimal order quantity for the single-order newsboy problem and minimize the total cost when the demand is fuzzy, while Chung et al (2015) [21] studied markdown price by the supplier to determine optimal retail prices and order quantity to maximize the total expected profits.…”

Section: Ordering Problem For Srpsmentioning

confidence: 99%

“…In addition, many studies of SRPS took constraint condition into consideration to make the ordering strategy more realistic [24][25][26][27]. Different constraints like budget constraint [24], production volume limits [25], and minimum-order quantity [26,27] were considered. The above-mentioned studies focused mainly on the influence of quantity discounts provided by suppliers on the optimal ordering strategy of retailers and thus are not applicable to retailers' ordering problem under MRPS (multiple prices provided by retailers).…”

Section: Ordering Problem For Srpsmentioning

confidence: 99%

See 1 more Smart Citation

Optimal Ordering Strategy for Goods at Multiple Retail Prices under Simultaneous Sales

Meng

Shen

et al. 2019

Discrete Dynamics in Nature and Society

View full text Add to dashboard Cite

To stimulate purchases from consumers, retailers nowadays use the multiple retail prices strategy (MRPS), i.e., selling the products at multiple prices simultaneously. The paper extends the current newsboy model and proposes an optimal ordering model for MRPS corresponding to uncertain consumer demands. The Lagrangian multiplier method is applied to solve the problem, and an algorithm for finding the approximate optimal total order quantity is designed. Numerical results show that MRPS is better than the single retail price strategy (SRPS). It further reveals that when there is an order quantity constraint, the retailer needs to control the number of retail prices; that is, retailer’s MRPS is affected by order quantity constraint; sensitivity analysis demonstrates that MRPS is also affected by the price discount coefficient in the case of no order quantity constraint while it is not affected by demand volatility. The research work provides some useful managerial inspirations for retailers.

show abstract

Section: Ordering Problem For Srpsmentioning

confidence: 99%

Section: Ordering Problem For Srpsmentioning

confidence: 99%

Optimal Ordering Strategy for Goods at Multiple Retail Prices under Simultaneous Sales

Meng

Shen

et al. 2019

Discrete Dynamics in Nature and Society

View full text Add to dashboard Cite

show abstract

“…Contract coordination strategy is often chosen by researchers as the solution to conflicts in a multi-channel supply chain. The common supply chain contract can generally be divided into three types: 1) Wholesale price: the price contract [12] and the quantity discount contract [13]. 2) Order quantity: the quantity flexibility contract [14] and the minimum order quantity contract [15].…”

Section: State Of the Artmentioning

confidence: 99%

Retailer Channel Decisions of Consumer Electronics Supply Chain in a Competitive Environment

Zeng

Wang

2018

Teh. vjesn.

View full text Add to dashboard Cite

To identify the optimal channel structure in the consumer electronics industry, the issue of channel optimisation was studied in a supply chain with one retailer and one manufacturer. This study discussed how the retailer can effectively sell products through either the online/offline retail channel or both retail channels simultaneously. Three Stackelberg game models were formulated to study these different retail channels. Then, the optimal decisions were derived in closed-form solutions for each channel. To maximize the retailer's profit, the selections of optimal channels for both retailer and manufacturer were compared, respectively, from the aspect of supply chain coordination. The analytical results indicate that the retail structure of dual-channel is the optimal choice for the retailer, which depends on the channel selection of manufacturer and the channel preference and price difference sensitivity of consumer. In addition, both retailer and manufacturer can overcome disagreement by a supply chain contract that combines the wholesale price and compensation plan. This study not only conducts the theoretical analysis for the optimal decisions of retailer channel but also provides managerial implications for the mixed-channel construction of retailers in practice.

show abstract

“…Guler et al [23] considered a special case that two competitors use NVM for their firms and keep their cost privately then by using some concepts from game theory calculated the equilibrium of the system. Mohammadivojdan and Geunes [24] considered a special NVM in which a seller can obtain the product from various suppliers, each supplier has its own price and proposes quantity-based discounts because of the limited storage. Zhang et al [25] concerned with the NVM in a multiperiod problem when the distribution of demand is unknown.…”

Section: Introductionmentioning

confidence: 99%

A two-echelon newsvendor problem with limited budget and capacity

Yazdi

Pasandideh

2020

Scientia Iranica

View full text Add to dashboard Cite

In this paper, two-echelon newsvendor problem is considered. Many real-life situations like fashion, food industries, and healthcare services match newsvendor problem. Our problem is determining levels of inventory in order to optimize the profit and service level in selling a product. This product is made up of several raw materials. Only the distribution of demand is known, and the hot season of selling the product is just a short period and after that, the price of the product drops dramatically. The storage space and initial budget are limited. We modeled and solved the problem as an unconstrained nonlinear optimization problem using two nonlinear techniques, the sequential unconstrained minimization technique (SUMT) and steepest descent (SD).

show abstract

The newsvendor problem with capacitated suppliers and quantity discounts

Cited by 23 publications

References 28 publications

Optimal Ordering Strategy for Goods at Multiple Retail Prices under Simultaneous Sales

Optimal Ordering Strategy for Goods at Multiple Retail Prices under Simultaneous Sales

Retailer Channel Decisions of Consumer Electronics Supply Chain in a Competitive Environment

A two-echelon newsvendor problem with limited budget and capacity

Contact Info

Product

Resources

About