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Article: Designing a quantity discount scheme for a newsvendor-type product with numerous heterogeneous retailers

TitleDesigning a quantity discount scheme for a newsvendor-type product with numerous heterogeneous retailers
Authors
KeywordsInventory
Pricing
Supply chain management
Issue Date2007
PublisherElsevier BV. The Journal's web site is located at http://www.elsevier.com/locate/ejor
Citation
European Journal Of Operational Research, 2007, v. 180 n. 2, p. 585-600 How to Cite?
AbstractThis paper presents a practical approach for designing a quantity-discount ("qd") scheme for a manufacturer who supplies a newsvendor-type product to a large number of heterogeneous retailers. The main components of our approach are: (i) an information structure for handling a large number of heterogeneous retailers with changing identities; and (ii) expected-profit expressions for any given qd scheme. We show that these expected-profit expressions can be easily optimized to produce attractive qd schemes; also, these schemes are shown to be quite robust against errors in parameter estimation. As a significant by-product, our multi-retailer scenario provides a more meaningful framework for designing manufacturer-perspective qd schemes, since we also show in this paper that a single-retailer scenario leads to a degenerate problem. © 2006 Elsevier B.V. All rights reserved.
Persistent Identifierhttp://hdl.handle.net/10722/85994
ISSN
2015 Impact Factor: 2.679
2015 SCImago Journal Rankings: 2.595
ISI Accession Number ID
References

 

DC FieldValueLanguage
dc.contributor.authorLau, AHLen_HK
dc.contributor.authorLau, HSen_HK
dc.contributor.authorWang, JCen_HK
dc.date.accessioned2010-09-06T09:11:35Z-
dc.date.available2010-09-06T09:11:35Z-
dc.date.issued2007en_HK
dc.identifier.citationEuropean Journal Of Operational Research, 2007, v. 180 n. 2, p. 585-600en_HK
dc.identifier.issn0377-2217en_HK
dc.identifier.urihttp://hdl.handle.net/10722/85994-
dc.description.abstractThis paper presents a practical approach for designing a quantity-discount ("qd") scheme for a manufacturer who supplies a newsvendor-type product to a large number of heterogeneous retailers. The main components of our approach are: (i) an information structure for handling a large number of heterogeneous retailers with changing identities; and (ii) expected-profit expressions for any given qd scheme. We show that these expected-profit expressions can be easily optimized to produce attractive qd schemes; also, these schemes are shown to be quite robust against errors in parameter estimation. As a significant by-product, our multi-retailer scenario provides a more meaningful framework for designing manufacturer-perspective qd schemes, since we also show in this paper that a single-retailer scenario leads to a degenerate problem. © 2006 Elsevier B.V. All rights reserved.en_HK
dc.languageengen_HK
dc.publisherElsevier BV. The Journal's web site is located at http://www.elsevier.com/locate/ejoren_HK
dc.relation.ispartofEuropean Journal of Operational Researchen_HK
dc.rightsEuropean Journal of Operational Research. Copyright © Elsevier BV.en_HK
dc.subjectInventoryen_HK
dc.subjectPricingen_HK
dc.subjectSupply chain managementen_HK
dc.titleDesigning a quantity discount scheme for a newsvendor-type product with numerous heterogeneous retailersen_HK
dc.typeArticleen_HK
dc.identifier.openurlhttp://library.hku.hk:4550/resserv?sid=HKU:IR&issn=0377-2217&volume=180&spage=585&epage=600&date=2007&atitle=Designing+a+Quantity+Discount+Scheme+for+A+Newsvendor-type+Product+with+Numerous+Heterogeneous+Retailersen_HK
dc.identifier.emailLau, AHL: ahlau@business.hku.hken_HK
dc.identifier.emailWang, JC: wangjc@business.hku.hken_HK
dc.identifier.authorityLau, AHL=rp01072en_HK
dc.identifier.authorityWang, JC=rp01107en_HK
dc.description.naturelink_to_subscribed_fulltext-
dc.identifier.doi10.1016/j.ejor.2006.04.011en_HK
dc.identifier.scopuseid_2-s2.0-33846666534en_HK
dc.identifier.hkuros137938en_HK
dc.relation.referenceshttp://www.scopus.com/mlt/select.url?eid=2-s2.0-33846666534&selection=ref&src=s&origin=recordpageen_HK
dc.identifier.volume180en_HK
dc.identifier.issue2en_HK
dc.identifier.spage585en_HK
dc.identifier.epage600en_HK
dc.identifier.eissn1872-6860-
dc.identifier.isiWOS:000244758300006-
dc.publisher.placeNetherlandsen_HK
dc.identifier.scopusauthoridLau, AHL=7202626080en_HK
dc.identifier.scopusauthoridLau, HS=7201497264en_HK
dc.identifier.scopusauthoridWang, JC=15838282400en_HK

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