Inventory and pricing decisions in a single-period problem involving risky supply

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dc.citation.epage128en_US
dc.citation.issueNumber1en_US
dc.citation.spage115en_US
dc.citation.volumeNumber116en_US
dc.contributor.authorSerel, D. A.en_US
dc.date.accessioned2015-07-28T11:58:15Z
dc.date.available2015-07-28T11:58:15Z
dc.date.issued2008-11en_US
dc.departmentDepartment of Managementen_US
dc.description.abstractWe explore an extension of the single-period (newsboy) inventory problem when supply is uncertain. We look into the negotiations between a newsvendor (retailer) and a manufacturer when there is competition from a second supplier. There is a chance that the second supplier will not be able to deliver the product. The retailer can maximize his expected profit by optimally allocating his order between the two suppliers. The retailer’s ordering problem is analyzed in conjunction with the manufacturer’s related pricing problem. The effects of demand and supply uncertainties on the optimal decisions of the parties are explored using numerical examples. We also explore extension of the retailer’s problem to the cases of order cancellation, price-dependent demand, and demand-dependent supply availability.en_US
dc.description.provenanceMade available in DSpace on 2015-07-28T11:58:15Z (GMT). No. of bitstreams: 1 10.1016-j.ijpe.2008.07.012.pdf: 285304 bytes, checksum: 1640774ef78a843508d76fbe4a4dbd7e (MD5)en
dc.identifier.doi10.1016/j.ijpe.2008.07.012en_US
dc.identifier.issn0925-5273
dc.identifier.urihttp://hdl.handle.net/11693/11649
dc.language.isoEnglishen_US
dc.publisherElsevieren_US
dc.relation.isversionofhttp://dx.doi.org/10.1016/j.ijpe.2008.07.012en_US
dc.source.titleInternational Journal of Production Economicsen_US
dc.subjectNewsboyen_US
dc.subjectInventoryen_US
dc.subjectSupply Uncertaintyen_US
dc.subjectEmergency Supplyen_US
dc.subjectPricingen_US
dc.titleInventory and pricing decisions in a single-period problem involving risky supplyen_US
dc.typeArticleen_US

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