Optimal wholesale price for producer in supply chain under newsboy environment
type: Item
instance of: scholarly article
title: Optimal wholesale price for producer in supply chain under newsboy environment
zbMATH Open document ID: 1362.90082
DOI: 10.1504/IJOR.2013.056687
author: Yanyan Li
published in: International Journal of Operational Research
publication date: 2017-05-31T00:00:00Z
review text: Summary: The lifecycles of technology-based products are rapidly becoming shorter through endless technological innovation. As a result, researchers and practitioners paid much attention on operations management issues for newsvendor-type products. However, due to the globalisation of market and keen competition, optimising supply chain decisions becomes very important and many researchers have turned their attention to the supply chain management for newsvendor-type products. In this paper, a model for supply chain with one producer and multiple retailers is considered. The retailers order quantities of the product based on newsvendor rule and the producer adjusts the production run accordingly. The purpose of the developed model is to find the optimal wholesale price which maximises the expected profit of the producer.
Mathematics Subject Classification ID: 90B06
zbMATH DE Number: 6724759
zbMATH Keywords: operations research
zbMATH Keywords: supply chain management
zbMATH Keywords: SCM
zbMATH Keywords: newsvendor problem
zbMATH Keywords: wholesale prices
zbMATH Keywords: optimisation
MaRDI profile type: Publication
full work available at URL: ijor.2013.056687
OpenAlex ID: W2049799744
description: scientific article