Risk-aversion approach for inventory model considering a competitive store and an alternative product

    研究成果: Article査読

    抄録

    This paper considers a risk-aversion approach for an inventory model considering standard and high qualities of a product under a competitive store. 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 mathematical programming problem of the proposed model is proposed considering these conditions and uncertainty of consumer demand based on risk measure such as conditional Value-at-Risk. Furthermore, in order to obtain the optimal prices and ordering quantities, a scenariobased approach is developed.

    本文言語English
    ページ(範囲)124-134
    ページ数11
    ジャーナルJournal of Japan Industrial Management Association
    67
    2E
    出版ステータスPublished - 2016

    ASJC Scopus subject areas

    • Strategy and Management
    • Management Science and Operations Research
    • Industrial and Manufacturing Engineering
    • Applied Mathematics

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