Modeling of Dynamic Pricing by Market Demand in Multiple QoS Networks

Dynamic Pricing Policy Using Preservation Technology with Stock and Price Sensitive Demand

Journal of the Indonesian Mathematical Society ◽

10.22342/jims.26.3.781.266-274 ◽

2020 ◽

Vol 26 (3) ◽

pp. 266-274

Author(s):

Uttam Kumar Khedlekar ◽

Priyanka Singh ◽

Neelesh Gupta

Keyword(s):

Dynamic Pricing ◽

Policy Decision ◽

Pricing Strategy ◽

Selling Price ◽

Market Demand ◽

Pricing Policy ◽

Preservation Technology ◽

Proposed Model ◽

Stock Policy ◽

Dependent Demand

This paper aims to develop a dynamic pricing policy for deteriorating items with price and stock dependent demand. In declining market demand of items decreases with respect to time and also after a duration items get outdated. In this situation it needs a pricing policy to sale the items before end season. The proposed dynamic pricing policy is applicable for a limited period to clease the stock. Policy decision regarding the selling price could aggressively attracts the costumers. Objectives are to maximize the prot/revenue, pricing strategy and economic order level for such a stock dependent and price sensitive items. We are giving numerical example and simulation to illustrate the proposed model.

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Dynamic Pricing in a Multi-Period Newsvendor Under Stochastic Price-Dependent Demand

Mathematics ◽

10.3390/math7060520 ◽

2019 ◽

Vol 7 (6) ◽

pp. 520 ◽

Cited By ~ 4

Author(s):

Mehran Ullah ◽

Irfanullah Khan ◽

Biswajit Sarkar

Keyword(s):

Dynamic Pricing ◽

Demand Uncertainty ◽

New Technologies ◽

Rapid Development ◽

Life Cycles ◽

Selling Price ◽

Market Demand ◽

Newsvendor Model ◽

Pricing Policy ◽

Dependent Demand

The faster growth of technology stipulates the rapid development of new products; with the spread of new technologies old ones are outdated and their market demand declines sharply. The combined impact of demand uncertainty and short life-cycles complicate ordering and pricing decision of retailers that leads to a decrease in the profit. This study deals with the joint inventory and dynamic pricing policy for such products considering stochastic price-dependent demand. The aim is to develop a discount policy that enables the retailer to order more at the start of the selling season thus increase the profit and market share of the retailer. A multi-period newsvendor model is developed under the distribution-free approach and the optimal stocking quantities, unit selling price, and the discount percentage are obtained. The results show that the proposed discount policy increases the expected profit of the system. Additionally, the stocking quantity and the unit selling price also increases in the proposed discount policy. The robustness of the proposed model is illustrated with numerical examples and sensitivity analysis. Managerial insights are given to extract significant insights for the newsvendor model with discount policy.

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Dynamic Pricing and Supply Coordination with Reimbursement Contract under Random Yield and Demand

Discrete Dynamics in Nature and Society ◽

10.1155/2013/631232 ◽

2013 ◽

Vol 2013 ◽

pp. 1-10 ◽

Cited By ~ 1

Author(s):

Guo Li ◽

Lun Ran ◽

Xiaohang Yue ◽

Zhaohua Wang

Keyword(s):

Supply Chain ◽

Dynamic Pricing ◽

Risk Sharing ◽

Supply Chain Coordination ◽

Market Demand ◽

Decentralized System ◽

Decentralized Supply Chain ◽

Production Quantity ◽

Order Quantities ◽

Centralized System

This paper investigates the dynamic pricing and supply chain coordination in a decentralized system that consists of one supplier and one manufacturer, in which both the market demand and production yield are stochastic. We show that the centralized expected profit is jointly concave in the production quantity and order quantity when the price is ex-ante selected. We also derive the equilibrium strategies in the decentralized system and prove that the entire profit of supply chain is inevitably lower than that under centralized system. Based on this, we propose a reimbursement contract to coordinate the decentralized supply chain so as to achieve the maximized profit. It is worth mentioning that, under reimbursement contract, the equilibrium production and order quantities are irrelevant to the manufacturer's risk sharing coefficient but are only determined by the supplier’s risk sharing coefficient.

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Dynamic Pricing of Ride-Hailing Platforms considering Service Quality and Supply Capacity under Demand Fluctuation

Mathematical Problems in Engineering ◽

10.1155/2020/5620834 ◽

2020 ◽

Vol 2020 ◽

pp. 1-26

Author(s):

Zhongmiao Sun ◽

Qi Xu ◽

Baoli Shi

Keyword(s):

Service Quality ◽

Dynamic Pricing ◽

Dynamic Models ◽

Supply And Demand ◽

Market Demand ◽

Pricing Decisions ◽

Dynamic Price ◽

Total Profit ◽

Optimal Dynamic ◽

Supply Capacity

Increasing attention is being paid to the pricing decisions of ride-hailing platforms. These platforms usually face market demand fluctuation and reflect supply and demand imbalances. Unlike existing studies, we focus on the optimal dynamic pricing of the platforms under imbalance between supply and demand caused by market fluctuation. Dynamic models are constructed based on the state change of supply and demand by using optimal control theory, with the aim of maximizing the platform’s total profit. We obtain the optimal trajectories of price, supply, and demand under three ride demand situations. The effects of some key parameters on pricing decisions, such as coefficient of demand fluctuation, service quality, and fixed commission rate, are examined. We find the optimal dynamic price can improve the match of supply-demand in ride-hailing market and enhance the revenue of platform.

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An Integration Mechanism between Demand and Supply Side Management of Electricity Markets

Energies ◽

10.3390/en11123314 ◽

2018 ◽

Vol 11 (12) ◽

pp. 3314 ◽

Cited By ~ 3

Author(s):

Zixu Liu ◽

Xiaojun Zeng ◽

Fanlin Meng

Keyword(s):

Electricity Market ◽

Dynamic Pricing ◽

Supply And Demand ◽

Coordination Mechanism ◽

Supply Side ◽

Market Demand ◽

Demand Side ◽

Market Clearing ◽

Demand And Supply ◽

Market Clearing Price

One of the main challenges in the emerging smart grid is to jointly consider the demand and supply, which is also reflected in the wholesale market (supply side) and the retail market (demand side). When integrating the demand and supply side into one framework, the mechanism for determining the market clearing price has been changed. This is due to the demand variations in the demand side in response to the market clearing price and the change of generation costs in the supply side from the demand variation. In order to find the best balance between the supply and demand under the demand response management scheme, this paper proposes a new integrated supply and demand coordination mechanism for the electricity market and smart pricing methods for generator and retailers. Another important contribution of this paper is to develop an efficient algorithm to find the match equilibrium between the demand and supply sides in the new proposed mechanism. Experimental results demonstrate that the new mechanism can effectively handle unpredictable demand under dynamic retail pricing and support the ISO to dispatch the generation economically. It can also help in achieving the goals of dynamic pricing such as maximizing the profits for retailers.

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PERLINDUNGAN HUKUM TERHADAP KARYA SENI BATIK YANG BELUM TERDAFTAR MENURUT UNDANG-UNDANG NOMOR 28 TAHUN 2014 TENTANG HAK CIPTA

JURNAL HUKUM DAS SOLLEN ◽

10.32520/das-sollen.v1i1.423 ◽

2018 ◽

Vol 1 (1) ◽

Author(s):

Inggrit Fernandes

Keyword(s):

Intellectual Property ◽

Property Rights ◽

Cultural Heritage ◽

Intellectual Property Rights ◽

Rapid Growth ◽

Economic Value ◽

Legal Protection ◽

Property Law ◽

Market Demand ◽

Work Of Art

Batik artwork is one of the treasures of the nation's cultural heritage. Batik artwork is currently experiencing rapid growth. The amount of interest and market demand for this art resulted batik artwork became one of the commodities in the country and abroad. Thus, if the batik artwork is not protected then the future can be assured of a new conflict arises in the realm of intellectual property law. Act No. 28 of 2014 on Copyright has accommodated artwork batik as one of the creations that are protected by law. So that this work of art than as a cultural heritage also have economic value for its creator. Then how the legal protection of the batik artwork yaang not registered? Does this also can be protected? While in the registration of intellectual property rights is a necessity so that it has the force of law to the work produced

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Institutional Environment, Entrepreneurial Self-Efficacy and Entrepreneurial Intention of Company Employees

International Journal of Applied Research in Management and Economics ◽

10.33422/ijarme.v3i1.277 ◽

1970 ◽

Vol 3 (1) ◽

pp. 1-9

Author(s):

Devi Angrahini Anni Lembana ◽

Yu Yu Chang ◽

Wen Ke Liang

Keyword(s):

Self Efficacy ◽

Institutional Environment ◽

Practical Experience ◽

Entrepreneurial Intention ◽

Entrepreneurial Intentions ◽

New Venture ◽

Hierarchical Regression ◽

Market Demand ◽

Extrinsic Factors ◽

Intrinsic Factors

From the intentionality-based view, individuals' actual behaviors to initiate a new venture is driven by their entrepreneurial intentions. Company employees have accumulated professionalism and practical experience, which both enable them to discover some unmet market demand and industrial gaps. However, in establishing a new business, not everyone with certain knowledge or expertise has the desire to become an entrepreneur. Prior research has shown that entrepreneurial intentions are under the profound influences of intrinsic factors and extrinsic factors. On the one hand, entrepreneurial self-efficacy is one of the key psychological states that makes someone dare to initiate entrepreneurial activities. Institutional environment, on the other hand, can either enhance and hinder an individuals' entrepreneurial motivation by offering incentives or causing barriers. Little work has been done to understand how the institutional environment and entrepreneurial self-efficacy jointly affect company employees' intention to quit their job and start an enterprising career. By using hierarchical regression on a sample of 325 Indonesian company employees, this paper shows that the entrepreneurial cognition and entrepreneurial self-efficacy are positively related to employees' entrepreneurial intentions. Also, entrepreneurial self-efficacy strengthens the effect of normative Approval on entrepreneurial intention, whereas the regulatory Support from Government is detrimental to company employees' intention to start a new venture regardless the entrepreneurial self-efficacy is high or low.

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