Optimal strategies of supply chain with uncertain electronic market price

Jie Pei*, Jian Li, Xin Tian, Yuzhang Ding

*Corresponding author for this work

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

2 Citations (Scopus)

Abstract

This paper develops some models to explore the strategies of the supply chain agents when there exists an electronic market. Besides the demand uncertainty, the electronic market price uncertainty is also taken into consideration. The expected profits of the retailer and the supplier are derived. We prove the concavity of the expected profit and obtain the corresponding optimal strategies. In addition, we identify the conditions under which the supplier would join the e-market. It is found that the decisions of the supply chain agents depend on the revenue structure of the e-market owner.

Original languageEnglish
Title of host publicationProceedings - 4th International Joint Conference on Computational Sciences and Optimization, CSO 2011
Pages431-435
Number of pages5
DOIs
Publication statusPublished - 2011
Externally publishedYes
Event4th International Joint Conference on Computational Sciences and Optimization, CSO 2011 - Kunming, Lijiang, Yunnan, China
Duration: 15 Apr 201119 Apr 2011

Publication series

NameProceedings - 4th International Joint Conference on Computational Sciences and Optimization, CSO 2011

Conference

Conference4th International Joint Conference on Computational Sciences and Optimization, CSO 2011
Country/TerritoryChina
CityKunming, Lijiang, Yunnan
Period15/04/1119/04/11

Keywords

  • Electronic market
  • Newsvendor
  • Supply chain

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