Price decision in the supply chain of one product family with price-dependent demand

Qian Li; Moon Yongma; Ben Aireh David; Yaob Tao

doi:10.1109/SOLI.2007.4383873

Price decision in the supply chain of one product family with price-dependent demand

Qian Li, Moon Yongma, Ben Aireh David, Yaob Tao

School of Business Administration

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review

2 Scopus citations

Abstract

In response to different custom preferences and fast product life cycle, manufacturers add numerous product variants which are composed to be a product family. Some components in one product family can be shared and reused for time and cost reduction in design and manufacturing. The paper provides mathematical models for sale price decision in the multistage supply chain of one product family under the stochastic and price-dependent demand environment. With these proposed mathematical models and the specific case involving a product family of cordless drills, the paper studies how different decisionmakers, i.e., the manufacturer, the retailer, or both, how different price-dependent demand models, and how component commonality in the product family affect the sale price decision and the supply chain performance in profit.

Original language	English
Title of host publication	2007 IEEE International Conference on Service Operations and Logistics, and Informatics, SOLI
DOIs	https://doi.org/10.1109/SOLI.2007.4383873
State	Published - 2007
Event	2007 IEEE International Conference on Service Operations and Logistics, and Informatics, SOLI - Philadelphia, PA, United States Duration: 27 Aug 2007 → 29 Aug 2007

Publication series

Name	2007 IEEE International Conference on Service Operations and Logistics, and Informatics, SOLI

Conference

Conference	2007 IEEE International Conference on Service Operations and Logistics, and Informatics, SOLI
Country/Territory	United States
City	Philadelphia, PA
Period	27/08/07 → 29/08/07

Keywords

Multistage supply chain
Price-dependent demand
Pricing
Product commonality
Product family design

Access to Document

10.1109/SOLI.2007.4383873

Cite this

Li, Q., Yongma, M., David, B. A., & Tao, Y. (2007). Price decision in the supply chain of one product family with price-dependent demand. In 2007 IEEE International Conference on Service Operations and Logistics, and Informatics, SOLI Article 4383873 (2007 IEEE International Conference on Service Operations and Logistics, and Informatics, SOLI). https://doi.org/10.1109/SOLI.2007.4383873

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abstract = "In response to different custom preferences and fast product life cycle, manufacturers add numerous product variants which are composed to be a product family. Some components in one product family can be shared and reused for time and cost reduction in design and manufacturing. The paper provides mathematical models for sale price decision in the multistage supply chain of one product family under the stochastic and price-dependent demand environment. With these proposed mathematical models and the specific case involving a product family of cordless drills, the paper studies how different decisionmakers, i.e., the manufacturer, the retailer, or both, how different price-dependent demand models, and how component commonality in the product family affect the sale price decision and the supply chain performance in profit.",

keywords = "Multistage supply chain, Price-dependent demand, Pricing, Product commonality, Product family design",

author = "Qian Li and Moon Yongma and David, {Ben Aireh} and Yaob Tao",

year = "2007",

doi = "10.1109/SOLI.2007.4383873",

language = "English",

isbn = "1424411181",

series = "2007 IEEE International Conference on Service Operations and Logistics, and Informatics, SOLI",

booktitle = "2007 IEEE International Conference on Service Operations and Logistics, and Informatics, SOLI",

note = "2007 IEEE International Conference on Service Operations and Logistics, and Informatics, SOLI ; Conference date: 27-08-2007 Through 29-08-2007",

}

Li, Q, Yongma, M, David, BA & Tao, Y 2007, Price decision in the supply chain of one product family with price-dependent demand. in 2007 IEEE International Conference on Service Operations and Logistics, and Informatics, SOLI., 4383873, 2007 IEEE International Conference on Service Operations and Logistics, and Informatics, SOLI, 2007 IEEE International Conference on Service Operations and Logistics, and Informatics, SOLI, Philadelphia, PA, United States, 27/08/07. https://doi.org/10.1109/SOLI.2007.4383873

Price decision in the supply chain of one product family with price-dependent demand. / Li, Qian; Yongma, Moon; David, Ben Aireh et al.
2007 IEEE International Conference on Service Operations and Logistics, and Informatics, SOLI. 2007. 4383873 (2007 IEEE International Conference on Service Operations and Logistics, and Informatics, SOLI).

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review

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AB - In response to different custom preferences and fast product life cycle, manufacturers add numerous product variants which are composed to be a product family. Some components in one product family can be shared and reused for time and cost reduction in design and manufacturing. The paper provides mathematical models for sale price decision in the multistage supply chain of one product family under the stochastic and price-dependent demand environment. With these proposed mathematical models and the specific case involving a product family of cordless drills, the paper studies how different decisionmakers, i.e., the manufacturer, the retailer, or both, how different price-dependent demand models, and how component commonality in the product family affect the sale price decision and the supply chain performance in profit.

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KW - Product family design

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ER -

Price decision in the supply chain of one product family with price-dependent demand

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