The value of information for price dependent demand

Sun, Zhengwei; Hupman, Andrea C.; Abbas, Ali E.

doi:10.1016/j.ejor.2020.05.057

Cited by 7 publications

(3 citation statements)

References 41 publications

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“…Optimal decision-making for elements such as price has been studied in both continuous and decentralized twostage supply chains based on uncertainties such as stochastic demand and output. [3][4] Sun et al further investigated the perfect information expectation of demand, considering the price elasticity of demand and the potential correlation between demand at two different prices [5], Chen et al compare the advantages and disadvantages of different regret models taking into account the stochasticity of demand [6], Rexhausen Rexhausen et al found that high demand management has a more substantial impact on overall supply chain performance than distribution management [7]. In contrast, in an unpredictable demand environment, the degree of cargo fluctuation is inversely related to performance [8].…”

Section: Literature Reviewmentioning

confidence: 99%

Research on Pharmaceutical Supply Chain Decision-Making Model Considering Output and Demand Fluctuations

Wang,

Huang

et al. 2024

IEEE Access

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In the context of the development of the new period, the pharmaceutical supply chain market is gradually changing from a seller's market to a buyer's market. The closer the pharmaceutical supply chain market is to the consumer, the greater the market's pricing power, so the market power of the pharmaceutical manufacturer and the retailer has changed, and the change in output and demand has increased accordingly. Since the supply chain is uncertain, there are internal and external risks. Retailers and suppliers can operate and coordinate effectively based on their core strengths, improve their ability to avoid internal and external risks and repair flexibly so that the supply chain is relatively balanced and stable.This paper studies the coordination problem of pharmaceutical supply chain stability from the uncertainty of pharmaceutical supply and market demand, establishes a revenue function, and proposes a collaborative decision-making optimization model of "revenue-sharing + margin" according to the revenue function, and further The optimal value interval is given through numerical analysis to realize the Pareto improvement of both parties. The impacts on the expected returns of suppliers and retailers are investigated through the revenue sharing coefficients and margins, which are numerically verified and discussed through examples. The analysis results show that under the collaborative decision-making of "revenue sharing + margin" in the pharmaceutical supply chain, the coordination of revenue sharing between retailers and suppliers can be optimized by adjusting the revenue sharing coefficient and margin.INDEX TERMS pharmaceutical supply chain, supply chain decision-making, output and demand fluctuations, revenue sharing, margins

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Section: Literature Reviewmentioning

confidence: 99%

Research on Pharmaceutical Supply Chain Decision-Making Model Considering Output and Demand Fluctuations

Wang,

Huang

et al. 2024

IEEE Access

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“…The determination of optimal prices for different services (or products) is an essential component of operations management ( Sun, Hupman, & Abbas, 2021 ). This is also a delicate task in many organization, as it affects corporate profitability and market competitiveness.…”

Section: Related Literaturementioning

confidence: 99%

Stable allocations for choice-based collaborative price setting

Schlicher

Lurkin

2022

European Journal of Operational Research

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“…The determination of optimal prices for different services (or products) is an essential component of operations management (Sun et al, 2021). This is also a delicate task in many organization, as it affects corporate profitability and market competitiveness.…”

Section: Related Literaturementioning

confidence: 99%

Stable allocations for choice-based collaborative price setting

Schlicher¹,

Lurkin²

2021

Preprint

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Horizontal agreements can fall within the scope of exemptions to antitrust competition if they are expected to create pro-consumer benefits. Inspired by such horizontal agreements, we introduce a cooperative game in which a set of transport operators can collectively decide at what price to offer sustainable urban mobility services to a pool of travelers. The travelers choose amongst the mobility services according to a multinomial logit model, and the operators aim at maximizing their joint profit under a constant market share constraint. After showing that various well-known allocation rules (i.e., proportional rules and the Shapley value) do not always generate core allocations, we present a core-guaranteeing allocation rule, the market share exchange rule. This rule first allocates to each transport operator the profit he or she generates under collaboration, and then subsequently compensates those transport operators that lose part of their market share, which is paid by the ones that receive some extra market share. This exchange of market share is facilitated by a unique price, which can be expressed as the additional return by cooperating per unit of market share. Finally, we show that, under some natural conditions, the market share exchange rule still sustains the collaboration when the transport operators need to pay back part of the joint profit to society.

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The value of information for price dependent demand

Cited by 7 publications

References 41 publications

Research on Pharmaceutical Supply Chain Decision-Making Model Considering Output and Demand Fluctuations

Research on Pharmaceutical Supply Chain Decision-Making Model Considering Output and Demand Fluctuations

Stable allocations for choice-based collaborative price setting

Stable allocations for choice-based collaborative price setting

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