{"title":"Two-period decision strategies in a dual-channel supply chain considering reference price and online reviews","authors":"Dr. Srikumar Panda, Tarun Maiti","doi":"10.1051/ro/2023159","DOIUrl":null,"url":null,"abstract":"The rapid development of e-commerce and Internet technology impacts the consumer purchasing practices and the decision-making of the supply chain. In this regard, dealing with online reviews and reference price together for a competitive interaction in a two-period dual-channel scenario is one of the main challenges. To address this interaction, in the present research, we consider a dual-channel supply chain with a two-period. The selling price and the reference price impact on the retailer's demand in both channels. Whereas, the online reviews influence the demands of the direct channels only. The manufacturer, who announces wholesale prices and direct channel selling prices, is Stackelberg game's leader and the retailer is the follower. Two different decision-making strategies (I, II) are made by both players: (I) The manufacturer and the retailer both make all their decisions at the beginning of the selling season, (II) Here all decisions are made at the beginning of each selling period. In order to compare these strategies, we create a centralized policy as a benchmark scenario. The optimal solutions of the supply chain and each player are determined and analyzed. The numerical and sensitivity analysis suggests that the responsive pricing can bring additional benefits to both the players.","PeriodicalId":54509,"journal":{"name":"Rairo-Operations Research","volume":"114 1","pages":"0"},"PeriodicalIF":1.8000,"publicationDate":"2023-10-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Rairo-Operations Research","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1051/ro/2023159","RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"OPERATIONS RESEARCH & MANAGEMENT SCIENCE","Score":null,"Total":0}
引用次数: 0
Abstract
The rapid development of e-commerce and Internet technology impacts the consumer purchasing practices and the decision-making of the supply chain. In this regard, dealing with online reviews and reference price together for a competitive interaction in a two-period dual-channel scenario is one of the main challenges. To address this interaction, in the present research, we consider a dual-channel supply chain with a two-period. The selling price and the reference price impact on the retailer's demand in both channels. Whereas, the online reviews influence the demands of the direct channels only. The manufacturer, who announces wholesale prices and direct channel selling prices, is Stackelberg game's leader and the retailer is the follower. Two different decision-making strategies (I, II) are made by both players: (I) The manufacturer and the retailer both make all their decisions at the beginning of the selling season, (II) Here all decisions are made at the beginning of each selling period. In order to compare these strategies, we create a centralized policy as a benchmark scenario. The optimal solutions of the supply chain and each player are determined and analyzed. The numerical and sensitivity analysis suggests that the responsive pricing can bring additional benefits to both the players.
期刊介绍:
RAIRO-Operations Research is an international journal devoted to high-level pure and applied research on all aspects of operations research. All papers published in RAIRO-Operations Research are critically refereed according to international standards. Any paper will either be accepted (possibly with minor revisions) either submitted to another evaluation (after a major revision) or rejected. Every effort will be made by the Editorial Board to ensure a first answer concerning a submitted paper within three months, and a final decision in a period of time not exceeding six months.