scholarly journals How Does Risk Hedging Impact Operations? Insights from a Price-Setting Newsvendor Model

2022 ◽  
Author(s):  
Liao Wang ◽  
Erich Yao ◽  
Xiaowei Zhang
Keyword(s):  
Price Setting ◽  
Newsvendor Model ◽  
Risk Hedging

The effect of demand uncertainty in a price-setting newsvendor model

2010 ◽  
Vol 207 (2) ◽  
pp. 946-957 ◽  
Author(s):  
Minghui Xu ◽  
Youhua (Frank) Chen ◽  
Xiaolin Xu
Keyword(s):  
Demand Uncertainty ◽  
Price Setting ◽  
Newsvendor Model

The effect of yield rate in a general price‐setting newsvendor model with a yield‐dependent secondary market

2017 ◽  
Vol 26 (6) ◽  
pp. 2337-2361 ◽  
Author(s):  
Li Yu ◽  
Jun Pei ◽  
Xinbao Liu ◽  
Wenjuan Fan ◽  
Panos M. Pardalos
Keyword(s):  
Secondary Market ◽  
Price Setting ◽  
Newsvendor Model ◽  
Yield Rate

Robust price-setting newsvendor model with interval market size and consumer willingness-to-pay

2014 ◽  
Vol 154 ◽  
pp. 100-112 ◽  
Author(s):  
Charles X. Wang ◽  
Scott Webster ◽  
Sidong Zhang
Keyword(s):  
Willingness To Pay ◽  
Market Size ◽  
Price Setting ◽  
Newsvendor Model

A numerical study on competing supply chains: a price-setting newsvendor model

2017 ◽  
Vol 9 (2) ◽  
pp. 81
Author(s):  
Steve Peng ◽  
Chongqi Wu ◽  
Bin Shao
Keyword(s):  
Supply Chains ◽  
Numerical Study ◽  
Price Setting ◽  
Newsvendor Model

scholarly journals Pricing to the Scenario: Price-Setting Newsvendor Models for Innovative Products

2019 ◽  
Author(s):  
Xiuyan Ma
Keyword(s):  
Lead Time ◽  
Price Setting ◽  
Innovative Product ◽  
Newsvendor Model ◽  
Sale Price ◽  
Optimal Production ◽  
Monopoly Market ◽  
Innovative Products ◽  
Goods Market ◽  
Production Quantity

In this paper, we consider a manufacturer who produces and sells a kind of innovative product in the monopoly market environment. Because the life cycle of innovative product is usually shorter than its procurement lead time, one unique demand quantity (scenario) will occur in the selling season, thus there is only one chance for the manufacturer to determine both optimal production quantity and optimal sale price. Considering this one-time feature of such a decision problem, a price-setting newsvendor model for innovative products is proposed. Different to the existing price-setting newsvendor models, the proposed models determine the optimal production quantity and sale price based on some specific state (scenario) which is most applicable for the manufacturer. The theoretical analysis provides managerial insights into the manufacturers’ behaviors in a monopoly market of an innovative product and several phenomena in the luxury goods market are well explained.

A numerical study on competing supply chains: a price-setting newsvendor model

2017 ◽  
Vol 9 (2) ◽  
pp. 81
Author(s):  
Chongqi Wu ◽  
Steve Peng ◽  
Bin Shao
Keyword(s):  
Supply Chains ◽  
Numerical Study ◽  
Price Setting ◽  
Newsvendor Model

An extra-baggage service price setting with reference to cargo prices using multi-item newsvendor model

2019 ◽  
Vol 128 ◽  
pp. 877-885
Author(s):  
I.A. Shaban ◽  
Z.X. Wang ◽  
F.T.S. Chan ◽  
S.H. Chung ◽  
T. Qu
Keyword(s):  
Price Setting ◽  
Newsvendor Model

scholarly journals Pricing to the Scenario: Price-Setting Newsvendor Models for Innovative Products

Mathematics ◽  
2019 ◽  
Vol 7 (9) ◽  
pp. 814 ◽  
Author(s):  
Xiuyan Ma
Keyword(s):  
Lead Time ◽  
Price Setting ◽  
Innovative Product ◽  
Newsvendor Model ◽  
Sale Price ◽  
Optimal Production ◽  
Monopoly Market ◽  
Innovative Products ◽  
Goods Market ◽  
Production Quantity

In this paper, we consider a manufacturer who produces and sells a kind of innovative product in the monopoly market environment. Because the life cycle of an innovative product is usually shorter than its procurement lead time, one unique demand quantity (scenario) will occur in the selling season; thus, there is only one chance for the manufacturer to determine both optimal production quantity and optimal sale price. Considering this one-time feature of such a decision problem, a price-setting newsvendor model for innovative products is proposed. Different to the existing price-setting newsvendor models, the proposed models determine the optimal production quantity and sale price based on some specific state (scenario) which is most applicable for the manufacturer. The theoretical analysis provides managerial insights into the manufacturers’ behaviors in a monopoly market of an innovative product, and several phenomena in the luxury goods market are well explained.

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