A robust approach for newsvendor problem with the alternative product under price and ordering quantity competitions

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

    Abstract

    This paper considers a robust approach for an inventory model considering standard and high qualities of a product under price and quantity competitions. In the case the competitive store sells a standard product, another store must decide the purchase volumes, prices and ordering quantities of standard and high quality products in order to manage a loss risk as well as maximize the total profit. In this paper, a robust-based mathematical programming problem of the proposed model is proposed considering these conditions and uncertainty of consumer demands. Furthermore, in order to obtain the optimal prices and ordering quantities, a scenario-based approach is developed.

    Original languageEnglish
    Title of host publication2016 International Conference on Industrial Engineering and Engineering Management, IEEM 2016
    PublisherIEEE Computer Society
    Pages735-739
    Number of pages5
    Volume2016-December
    ISBN (Electronic)9781509036653
    DOIs
    Publication statusPublished - 2016 Dec 27
    Event2016 International Conference on Industrial Engineering and Engineering Management, IEEM 2016 - Bali, Indonesia
    Duration: 2016 Dec 42016 Dec 7

    Other

    Other2016 International Conference on Industrial Engineering and Engineering Management, IEEM 2016
    CountryIndonesia
    CityBali
    Period16/12/416/12/7

    Fingerprint

    Mathematical programming
    Profitability
    Newsvendor problem
    Quantity competition
    Inventory model
    Product quality
    Price competition
    Uncertainty
    Scenarios
    Consumer demand
    Product standards
    Purchase
    Profit

    Keywords

    • Mathematical programming
    • newsvendor model
    • price and quantity competition
    • robust approach

    ASJC Scopus subject areas

    • Business, Management and Accounting (miscellaneous)
    • Industrial and Manufacturing Engineering
    • Safety, Risk, Reliability and Quality

    Cite this

    Hasuike, T. (2016). A robust approach for newsvendor problem with the alternative product under price and ordering quantity competitions. In 2016 International Conference on Industrial Engineering and Engineering Management, IEEM 2016 (Vol. 2016-December, pp. 735-739). [7797973] IEEE Computer Society. https://doi.org/10.1109/IEEM.2016.7797973

    A robust approach for newsvendor problem with the alternative product under price and ordering quantity competitions. / Hasuike, Takashi.

    2016 International Conference on Industrial Engineering and Engineering Management, IEEM 2016. Vol. 2016-December IEEE Computer Society, 2016. p. 735-739 7797973.

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

    Hasuike, T 2016, A robust approach for newsvendor problem with the alternative product under price and ordering quantity competitions. in 2016 International Conference on Industrial Engineering and Engineering Management, IEEM 2016. vol. 2016-December, 7797973, IEEE Computer Society, pp. 735-739, 2016 International Conference on Industrial Engineering and Engineering Management, IEEM 2016, Bali, Indonesia, 16/12/4. https://doi.org/10.1109/IEEM.2016.7797973
    Hasuike T. A robust approach for newsvendor problem with the alternative product under price and ordering quantity competitions. In 2016 International Conference on Industrial Engineering and Engineering Management, IEEM 2016. Vol. 2016-December. IEEE Computer Society. 2016. p. 735-739. 7797973 https://doi.org/10.1109/IEEM.2016.7797973
    Hasuike, Takashi. / A robust approach for newsvendor problem with the alternative product under price and ordering quantity competitions. 2016 International Conference on Industrial Engineering and Engineering Management, IEEM 2016. Vol. 2016-December IEEE Computer Society, 2016. pp. 735-739
    @inproceedings{bc6bf335bac546049df5c05e6506a42c,
    title = "A robust approach for newsvendor problem with the alternative product under price and ordering quantity competitions",
    abstract = "This paper considers a robust approach for an inventory model considering standard and high qualities of a product under price and quantity competitions. In the case the competitive store sells a standard product, another store must decide the purchase volumes, prices and ordering quantities of standard and high quality products in order to manage a loss risk as well as maximize the total profit. In this paper, a robust-based mathematical programming problem of the proposed model is proposed considering these conditions and uncertainty of consumer demands. Furthermore, in order to obtain the optimal prices and ordering quantities, a scenario-based approach is developed.",
    keywords = "Mathematical programming, newsvendor model, price and quantity competition, robust approach",
    author = "Takashi Hasuike",
    year = "2016",
    month = "12",
    day = "27",
    doi = "10.1109/IEEM.2016.7797973",
    language = "English",
    volume = "2016-December",
    pages = "735--739",
    booktitle = "2016 International Conference on Industrial Engineering and Engineering Management, IEEM 2016",
    publisher = "IEEE Computer Society",
    address = "United States",

    }

    TY - GEN

    T1 - A robust approach for newsvendor problem with the alternative product under price and ordering quantity competitions

    AU - Hasuike, Takashi

    PY - 2016/12/27

    Y1 - 2016/12/27

    N2 - This paper considers a robust approach for an inventory model considering standard and high qualities of a product under price and quantity competitions. In the case the competitive store sells a standard product, another store must decide the purchase volumes, prices and ordering quantities of standard and high quality products in order to manage a loss risk as well as maximize the total profit. In this paper, a robust-based mathematical programming problem of the proposed model is proposed considering these conditions and uncertainty of consumer demands. Furthermore, in order to obtain the optimal prices and ordering quantities, a scenario-based approach is developed.

    AB - This paper considers a robust approach for an inventory model considering standard and high qualities of a product under price and quantity competitions. In the case the competitive store sells a standard product, another store must decide the purchase volumes, prices and ordering quantities of standard and high quality products in order to manage a loss risk as well as maximize the total profit. In this paper, a robust-based mathematical programming problem of the proposed model is proposed considering these conditions and uncertainty of consumer demands. Furthermore, in order to obtain the optimal prices and ordering quantities, a scenario-based approach is developed.

    KW - Mathematical programming

    KW - newsvendor model

    KW - price and quantity competition

    KW - robust approach

    UR - http://www.scopus.com/inward/record.url?scp=85009914891&partnerID=8YFLogxK

    UR - http://www.scopus.com/inward/citedby.url?scp=85009914891&partnerID=8YFLogxK

    U2 - 10.1109/IEEM.2016.7797973

    DO - 10.1109/IEEM.2016.7797973

    M3 - Conference contribution

    AN - SCOPUS:85009914891

    VL - 2016-December

    SP - 735

    EP - 739

    BT - 2016 International Conference on Industrial Engineering and Engineering Management, IEEM 2016

    PB - IEEE Computer Society

    ER -