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

    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

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  • 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