Although in recent years research in innovation management in retail industries have increased drastically, most of these industries have focused only on addressing consumers’ acceptance of the most effective novel systems. For these reasons, a deeper understanding is needed in three main areas: the innovation management approaches in retail industry, the degree of innovation heterogeneity, and...

From the perspectives of the operational objectives of the green supply chain management and in consideration of its economic efficiency, social and environmental impact as well as its unique characteristics, this paper examines the pricing issues of the green supply chain for home appliances industry by using game theory and contract coordination theory. Considering the influences of the effec...

a r t i c l e i n f o Keywords: Retail pricing decision model Demand forecasting Market share models Category management Competitive structure Store-level scanner data This study addresses the use of demand forecasting techniques by retailers to support their decision making. Specifically, the authors propose a pricing decision support model for retailers to estimate optimal prices, whose outpu...

In this paper, we investigate the use of reinforcement learning (RL) techniques to the problem of determining dynamic prices in an electronic retail market. As representative models, we consider a single seller market and a two seller market, and formulate the dynamic pricing problem in a setting that easily generalizes to markets with more than two sellers. We first formulate the single seller...

Our paper is a first attempt to evaluate the long run impact of reference pricing on pharmaceutical innovation, health and expenditures. The model is based on a dynamic game involving three types of agents: pharmaceutical firms, consumers and a regulatory entity. Pharmaceutical firms choose the level of research investment and its innovative content, then negotiate introductory prices for new d...

Proposed reforms of Japan’s electricity supply industry are quite modest by international standards. In particular, while the retail market has been the focus of reform efforts, the wholesale market has been largely ignored. Most of the gains from reforming electricity supply in other countries have arisen, however, from exploiting technological changes that have allowed wholesale markets to be...

What are the drivers of retailers' prices and what, if any, are their financial consequences? The results of a large-scale quantitative analysis show that retail prices are mainly driven by pricing history (50%), acquisition costs (25%), and demand feedback (12.5%). In contrast to pricing history, demand-based pricing is associated with higher retailer (and manufacturer) financial performance. ...

Empirical studies have delivered mixed conclusions on whether the widely acclaimed assertions of lower electronic retail (e-tail) prices are true and to what extent these prices impact conventional retail prices, profits, and consumer welfare. For goods that require little in-person preor postsales support such as CDs, DVDs, and books, we extend Balasubramanian’s e-tailer-in-the-center, spatial...

This paper examines the effect that product pricing has on the dynamics and variability of a supply chain, with a focus in retail inventory. Pricing policies and strategies and the impacts of prices on demand and inventories within the retail supply chain environment are reviewed. Recent pricing and markdown research is examined. An example model is presented that is stochastic and uses simulat...