Browsing by Subject "pricing"
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Item Open Access Coordination of pricing and production-scheduling decisions in supply chains(Bilkent University, 2008) Mısırcı, MuzafferIntegration of various business functions ranging from procurement and distribution activities to customer relations has gained importance due to the progressively increasing global and domestic competitive pressures. As a consequence, many firms have set out to design, develop, and install their supply chain solutions. The existing literature on wholesale price contracts takes into account the ordering and inventory holding component of the total. However, the impact of capacity considerations is overlooked in the coordination of replenishment decisions. In this thesis, our objective is to synchronize the production planning and pricing decisions in buyer-vendor systems. In order to achieve this objective, the vendor quotes a price schedule that is a function of delivery time and order quantity. This price schedule stimulates the manipulation of buyer’s order time and quantities so as to minimize vendor’s total costs without changing the buyers’ profit position.Item Open Access A dual representation of gain-loss hedging for European claims in discrete time(2012) Pinar, M.C.Superhedging of European claims in incomplete markets is a well-studied problem. The superhedging value of a European claim is known to yield a price too large to be interesting in some cases. In this note, an alternative hedging strategy based on an expected gain-loss criterion is studied for European claims in infinite state space, discrete time financial markets. A dual representation for the gain-loss hedging value is obtained. © 2012 Copyright Taylor and Francis Group, LLC.