典型文献
Optimal Procurement Management by Reverse Auctions for a Price-Setting Newsvendor
文献摘要：
In this paper,we study the optimal procurement management by reverse auctions for a price-setting newsvendor(retailer)in a single period setting.The retailer facing price-dependent stochastic demand first designs a procurement contract and then invites the suppliers to bid for this contract in the reverse auction.The winning supplier produces and delivers the demanded quantity.The retailer obtains the procurement quantity and simultaneously determines the retail price.By using the price elasticity of the lost-sales rate,we show that the retailer's expected profit(excluding the procurement cost)is a concave function of the purchased quantity,which can be used to obtain the optimal procurement and retail pricing decisions for the retailer.Further,when the underlying random term of demand function is normally distributed under left-truncation(at 0),we get the analytical expressions of the purchased quantity and expected profit function for the retailer.Moreover,some numerical examples are given.
文献关键词：
中图分类号：
作者姓名：
Shuren LIU;Xinjing LIU;Jiyang TAN
作者机构：
School of Mathematics and Computational Science,Xiangtan University,Xiangtan 411105,China;Puyang Petrochemical Vocational and Technical College,Puyang 457001,China
文献出处：
引用格式：
[1]Shuren LIU;Xinjing LIU;Jiyang TAN-.Optimal Procurement Management by Reverse Auctions for a Price-Setting Newsvendor)[J].系统科学与信息学报（英文版）,2022(06):598-619
A类：
Auctions,Newsvendor,auctions,newsvendor
B类：
Optimal,Procurement,Management,by,Reverse,Price,Setting,In,this,paper,we,study,optimal,procurement,management,reverse,price,setting,retailer,single,period,facing,dependent,stochastic,first,designs,contract,then,invites,suppliers,bid,winning,produces,delivers,demanded,quantity,obtains,simultaneously,determines,By,using,elasticity,lost,sales,rate,show,that,expected,profit,excluding,cost,concave,function,purchased,which,can,be,used,pricing,decisions,Further,when,underlying,random,normally,distributed,left,truncation,get,analytical,expressions,Moreover,some,numerical,examples,are,given
AB值：
0.530885
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