• DocumentCode
    537464
  • Title

    Optimization Strategic Model for a Supply Chain under Price-Dependent Stochastic Demand

  • Author

    Dai, Dai ; Li Sheng ; Chai Hong ; Xu Yong-feng

  • Author_Institution
    Sch. of Economic Math., South Western of Finance & Econ., Chengdu, China
  • fYear
    2010
  • fDate
    7-9 Nov. 2010
  • Firstpage
    1
  • Lastpage
    4
  • Abstract
    This paper, which based on the assumption of product market demand price-dependent and random deviation, makes models respectively to discuss the optimal strategy in the cooperation and non-cooperation conditions between the supplier and the retailer, which is how to determine the most superior wholesale price of the suppliers optimal order quantity of the retailers and retail price. Suppliers, which is as a leader, with retailers will have a Stackelberg game when noncooperation happens between them. When the random deviation submits to the uniform distribution, it gives specific formula and method of solution. Ultimately, it verifies effectiveness of the model with the help of concrete value example, furthermore, it discusses the influence that related parameter variation brings to optimum strategy.
  • Keywords
    game theory; pricing; retail data processing; retailing; statistical distributions; strategic planning; supply and demand; supply chain management; Stackelberg game; optimal strategy; optimization strategic model; price dependent stochastic demand; product market demand price dependent; random deviation; retail price; superior wholesale price; suppliers optimal order quantity; supply chain; uniform distribution; Analytical models; Biological system modeling; Economics; Europe; Games; Supply chains;
  • fLanguage
    English
  • Publisher
    ieee
  • Conference_Titel
    E-Product E-Service and E-Entertainment (ICEEE), 2010 International Conference on
  • Conference_Location
    Henan
  • Print_ISBN
    978-1-4244-7159-1
  • Type

    conf

  • DOI
    10.1109/ICEEE.2010.5661516
  • Filename
    5661516