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Research on the Maritime Logistics Pricing Model of Risk-Averse Retailer-Dominated Dual-Channel Supply Chain

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Open Access
|Sep 2018

Abstract

Price decision is studied in a risk-averse retailer-dominated dual-channel supply chain, which consisting of one manufacturers and one retailer with both off-line and on-line channels. Firstly, two mean-variance models in centralized and decentralized supply chain are established. Secondly, the optimal solutions under the two decision modes are compared and analyzed. The results shows that the price of dual-channel of retailer decreased with the increase of retailers’ risk- aversion coefficient and the standard deviation of the fluctuation of market demand, while the wholesale price changes is on the contrary; in addition, when the market demand is greater than a certain value, the prices of dual channel are correspondingly higher in decentralized supply chain than in centralized supply chain, and vice versa. In addition, when the retailer’s risk aversion is in a certain interval, the expected utility of the whole supply chain is greater in centralized supply chain than in decentralized decision, and vice versa. Finally, a numerical example is given to verify the above conclusions.

DOI: https://doi.org/10.2478/pomr-2018-0081 | Journal eISSN: 2083-7429 | Journal ISSN: 1233-2585
Language: English
Page range: 107 - 116
Published on: Sep 10, 2018
Published by: Gdansk University of Technology
In partnership with: Paradigm Publishing Services
Publication frequency: 4 times per year

© 2018 Qing Fang, Zeping Tong, Liang Ren, Ao Liu, published by Gdansk University of Technology
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.