Abstract
This paper focuses on joint decision making about pricing and inventory in a three level supply chain composed of multi suppliers, one supply-hub and one manufacturer. The problem is modelled as a three-stage game. Firstly, the manufacturer determines its margin. Secondly, the supply-hub determines its replenishment policy. Finally, each supplier determines its wholesale price, production lot size and delivery lot size to the supply-hub. An analytical and computational method is proposed to solve the game model. A numerical study has been conducted to demonstrate how the algorithm works and to understand the influences of decision variables and profits of the three entities, we draw some management insights through this study.
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 callMore From: International Journal of Computing Science and Mathematics
Disclaimer: 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.
