Abstract
Few papers have studied the optimal pricing and ordering with partial lost sales from a two-stage game theoretic perspective. This paper considers a supply chain game with a buyer and a seller through pricing and ordering models with partial lost sales. We evaluate the optimal solutions for the buyer and the seller and provide insights into both the deterministic and stochastic demand models. We also propose search algorithms to obtain the global optimum when convexity and concavity conditions are not satisfied.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
