Price decision in the supply chain of one product family with price-dependent demand

Qian Li, Moon Yongma, Ben Aireh David, Yaob Tao

Research output: Chapter in Book/Report/Conference proceedingConference contribution

2 Scopus citations

Abstract

In response to different custom preferences and fast product life cycle, manufacturers add numerous product variants which are composed to be a product family. Some components in one product family can be shared and reused for time and cost reduction in design and manufacturing. The paper provides mathematical models for sale price decision in the multistage supply chain of one product family under the stochastic and price-dependent demand environment. With these proposed mathematical models and the specific case involving a product family of cordless drills, the paper studies how different decisionmakers, i.e., the manufacturer, the retailer, or both, how different price-dependent demand models, and how component commonality in the product family affect the sale price decision and the supply chain performance in profit.

Original languageEnglish (US)
Title of host publication2007 IEEE International Conference on Service Operations and Logistics, and Informatics, SOLI
DOIs
StatePublished - Dec 1 2007
Event2007 IEEE International Conference on Service Operations and Logistics, and Informatics, SOLI - Philadelphia, PA, United States
Duration: Aug 27 2007Aug 29 2007

Publication series

Name2007 IEEE International Conference on Service Operations and Logistics, and Informatics, SOLI

Other

Other2007 IEEE International Conference on Service Operations and Logistics, and Informatics, SOLI
CountryUnited States
CityPhiladelphia, PA
Period8/27/078/29/07

All Science Journal Classification (ASJC) codes

  • Information Systems
  • Management Science and Operations Research

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