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

Takashi Hasuike

doi:10.1109/IEEM.2016.7797973

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

Takashi Hasuike^*

^*Corresponding author for this work

Research output: Chapter in Book/Report/Conference proceeding › Conference 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 language	English
Title of host publication	2016 International Conference on Industrial Engineering and Engineering Management, IEEM 2016
Publisher	IEEE Computer Society
Pages	735-739
Number of pages	5
Volume	2016-December
ISBN (Electronic)	9781509036653
DOIs	https://doi.org/10.1109/IEEM.2016.7797973
Publication status	Published - 2016 Dec 27
Event	2016 International Conference on Industrial Engineering and Engineering Management, IEEM 2016 - Bali, Indonesia Duration: 2016 Dec 4 → 2016 Dec 7

Other

Other	2016 International Conference on Industrial Engineering and Engineering Management, IEEM 2016
Country/Territory	Indonesia
City	Bali
Period	16/12/4 → 16/12/7

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

Access to Document

10.1109/IEEM.2016.7797973

Cite this

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 proceeding › Conference 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

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

Abstract

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Keywords

ASJC Scopus subject areas

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