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Pricing and Inventory Strategy of Dual-channel Supply Chain under Random Demand and Retailer's Capital Constraint

Authors :
Fan, Hehua
Zhou, Yongwei
Source :
International Journal of Cognitive Informatics and Natural Intelligence; January 2015, Vol. 9 Issue: 1 p30-46, 17p
Publication Year :
2015

Abstract

A dual-channel supply chain system composed of one manufacturer and one retailer is considered in this paper, which existed uncertainty demands in both distribution channels and capital constraint on retailer. It set up the profit model of manufacturer dominated dual-channel supply chain system, studied to the optimal pricing and inventory strategies of decentralized and centralized supply chain, obtained the optimal pricing and inventory strategy of the two kinds of supply chain system. The analysis to the optimal solution indicated that the demand uncertainty of two distribution channels, deferred-payment rate etc, are all have certain influence relation on the pricing strategies of manufacturer and retailer. Numerical experiment has showed the effectiveness of the conclusions.

Details

Language :
English
ISSN :
15573958 and 15573966
Volume :
9
Issue :
1
Database :
Supplemental Index
Journal :
International Journal of Cognitive Informatics and Natural Intelligence
Publication Type :
Periodical
Accession number :
ejs36744536
Full Text :
https://doi.org/10.4018/IJCINI.2015010103