This paper proposes a model for dynamic pricing that combines knowledge of production capacity and existing commitments, reasoning about uncertainty and learning of market conditions in an attempt to optimise expected profits. In particular, the market conditions are represented as a set of probabilities over the success rate of product prices, and those prices are learned online as the market ...

the present article deals with the inter specific competition and intra-specific competition among predator populations of a prey-dependent three component food chain model consisting of two competitive predator sharing one prey species as their food. the behaviour of the system near the biologically feasible equilibria is thoroughly analyzed. boundedness and dissipativeness of the system are e...

Uniform-price auctions of a divisible good in fixed supply admit underpricing equilibria, where bidders submit high inframarginal bids to prevent competition on prices. The seller can obstruct this behavior by tilting her supply schedule and making the amount of divisible good on offer change endogenously with its (uniform) price. Precommitting to an increasing supply curve is a strategic instr...

This article may be used for research, teaching and private study purposes. Any substantial or systematic reproduction, redistribution , reselling , loan or sub-licensing, systematic supply or distribution in any form to anyone is expressly forbidden. The publisher does not give any warranty express or implied or make any representation that the contents will be complete or accurate or up to da...

Business organisations are facing increasing competition both locally and globally. One of the strategies that is being used to meet this competition is the formation of strategic alliances with suppliers. This paper addresses the control approaches needed to sustain and control the reciprocal, mutually supportive relationships in these supply chains. Transaction cost theory is used to examine ...

The type of industry we want to analyze in this paper is comprised of multiple manufacturers, each selling differentiated products through multiple exclusive retailers. The retailers are faced with fixed market prices but uncertain demands. Industries falling in this category include telecommunication industry, fast food chains, gasoline, etc. The manufacturers competition, the retailers compet...

Supply chain management (SCM) deals with planning and coordinating activities such as material procurement, product assembly, and the distribution of manufactured products. This paper offers an agent-based solution as a potentially adequate approach for the automation of supply chain management. The greatest obstacle in SCM research is obtaining benchmark designed solutions since it is difficul...

the need for high-quality medical equipment in the hospital supply chain has more than ever demonstrated the necessity and importance of quality management to be implemented by administrators in line with the iranian health reform plan. in this study, the game theory was used to model the strategies chosen by companies supplying medical equipment to hospitals. considering the process of self-le...

With the increasingly fierce market competition, China has more sound market economy system. Competition in the market price on the important position of the company is also increasing. It increases its profit source which can provide third-party logistics services business. Third-party logistics enterprises should put the customer requirements on an important position and meet the requirements...

Bertrand competition is a model of competition used in economics, named after Joseph Louis François Bertrand (1822-1900). Specifically, it is a model of price competition between duopoly firms which results in each charging the price that would be charged under perfect competition, known as marginal cost pricing. The model has the following assumptions: There are at least two firms producing ho...