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The newsvendor problem is about how to make optimal ordering decisions for short-life cycle product with demand uncertainty. Few papers study inventory problem with unreliable suppliers, even for those who consider unreliable suppliers, very few are concerned with demand lost. In this paper, we model the newsvendor decision making behavior, which takes the unreliable suppliers and demand lost into...
We consider a channel bargaining problem in a two-echelon supply chain in this paper. Employing a loss-aversion utility function, we model the decision-making behavior of a loss-averse retailer and a risk-neutral manufacturer which is very common in practice. By investigating the equilibrium optimal order quantity and the equilibrium optimal wholesale price, we find that there exit equilibria for...
This paper explains how to order to minimize his cost and maximize his profit under the condition of the unreliable suppliers and uncertain demand existing simultaneously. As for the problem with two reliable suppliers whose uncertainty coefficient is distributed normally, what requirements should be satisfied to reach the revenue goal. The results of numerical calculation explain the relationship...
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