We consider multicriteria decision-aid (MCDA) problems with multiple decision makers. In such problems, the uncertainty or inaccuracy of the criteria measurements can be represented as probability distributions. In many real-life problems the uncertainties may be dependent. However, it is often difficult to quantify these dependencies. Also most of the existing MCDA methods are unable to handle...

In this paper, we consider the pricing decision of a retailer who experiences peak demand for a product during a given time interval and wishes to stabilize the demand by adjusting the sales price. The stabilization of demand brings about desirable outcomes such as a reduction in the need for capacity investment and improves the production efficiency in the supply chain. We establish a continuo...

In this paper, we examine the levels of care which would be chosen by a monopolistic manufacturer and competitive retailer, when both the manufacturer and retailer can affect the probability of an accident and when the manufacturer cannot observe ex ante the care chosen by the retailer. We show that if retailer bankruptcy is not possible, retailer liability is superior to manufacturer liability...

W are the drivers of retailer pricing tactics over time? Based on multivariate time-series analysis of two rich data sets, we quantify the relative importance of competitive retailer prices, pricing history, brand demand, wholesale prices, and retailer category-management considerations as drivers of retail prices. Interestingly, competitive retailer prices account for less than 10% of the over...

The ever-increasing number of electric vehicles (EV) on the road promotes the idea of sustainable transportation by reducing CO2 emissions. This inherently means there is a growing need for charging stations as well. A potential solution to address the need for charging stations is to transform traditional parking lots into smart parking lots, in a sense that smart parking lots provide not only...

Retail electrical power marketers, also known as retailers, typically set up contracts with suppliers to secure electricity at fixed prices on the one hand and with end users to meet their load requirements at agreed rates on the other hand. High penetration of distributed generation (DG) resource is increasingly observed worldwide. From the viewpoint of a retailer, this paper analyzes the prob...

Recently, problems associated with variations of the static demand economic-dispatch problem for an electrical power grid [10] have been considered by several authors, e.g., [5], [7]. However, demand elasticity for electricity may grow with the onset of enormous amounts of electric vehicle charging, see e.g., [1], [4] and the references therein. We consider a noncooperative game played by the g...

This study focuses on the impact of two antecedents of retailer personality (grasped by five personality traits: introversion, conscientiousness, agreeableness, sophistication and disingenuousness), on trust and attitude toward the private brand, as well as on one major consequence of these three concepts, loyalty to the retailer. Data were collected through a natural experiment on a convenienc...

We study a supply chain in which a consumer goods manufacturer sells its product through a retailer. The retailer undertakes promotional expenditures, such as advertising, to increase sales and to compete against other retailer(s). The manufacturer supports the retailer’s promotional expenditure through a cooperative advertising program by reimbursing a portion (called the subsidy rate) of the ...