On efficiency of multistage channel with bargaining over wholesale prices
| Autor: | Xiaobo Zhao, Feimin Zhong, Jinxing Xie, Zuo-Jun Max Shen |
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| Rok vydání: | 2016 |
| Předmět: |
Mathematical optimization
021103 operations research 05 social sciences 0211 other engineering and technologies Pareto principle Ocean Engineering 02 engineering and technology Management Science and Operations Research Upper and lower bounds Microeconomics Modeling and Simulation 0502 economics and business Economics 050211 marketing Naval research Communication channel |
| Zdroj: | Naval Research Logistics (NRL). 63:449-459 |
| ISSN: | 0894-069X |
| Popis: | This article considers a multistage channel with deterministic price-sensitive demand. Two systems for pricing decisions, that is, the bargaining system and the leader-follower system, are compared. We characterize the necessary and sufficient conditions on the power structure, under which the solution of the bargaining system Pareto dominates that of the leader-follower system. Also, under such conditions, we give a tight upper bound of channel efficiency of the bargaining system, which converges to 100% channel efficiency as the number of stages increases to infinity.© 2016 Wiley Periodicals, Inc. Naval Research Logistics, 2016 |
| Databáze: | OpenAIRE |
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