Dual-Source Procurement and Supplier Pricing Decision under Supply Interruption

Using fuzzy decision making for supplier selection in public procurement

We address the strategic issue of supplier selection in the public procurement sector. The aim of the paper is providing a decision making tool that mimics the intuitive behavior of the public tender committee in evaluating the (quantitative and qualitative) performance indices characterizing suppliers and yet results in a strict and transparent selection procedure, in accordance with governmen...

Retailer’s Procurement Strategy under Endogenous Supply Stability

In this paper, a dynamic model is presented to study retailer’s procurement strategy when supply stability is endogenously determined. The optimal supply stability as well as the optimal purchasing strategy are characterized with a quadratic cost function. Based on these models, the following findings are brought about. Firstly, when the difficulty level of building supply stability exceeds a c...

Responsive pricing under supply uncertainty

Pricing and Production Planning Under Supply Uncertainty

This paper addresses the problem of determining the sale price and the production quantity under supply uncertainty. The problem is commonly observed in the agricultural industry. We consider a firm that initially leases farm space in order to grow fruit. The realized amount of fruit supply fluctuates due to weather conditions, diseases, etc. At the end of the growing season, the firm makes two...

Dynamic Pricing and Inventory Management Under Fluctuating Procurement Costs

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